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Koke Ko Su Village
Located in Central Myanmar’s Yasagyo township, this community currently has 29 village customers, including 5 CBO (Community Based Organization) committee members who help to lead the loan program in the area. This village is located in Myanmar's dry zone, where insufficient rainfall is very common. Most villagers are Buddhist and struggle finding access to affordable credit, as the state-owned agricultural bank is not active in the area. Despite their struggles, they are very hospitable and work hard to support their neighbors.

Most villagers are farmers, growing mainly peanuts, beans, and groundnuts. They require capital for fertilizer to enrich their crops and labor to make planting and harvesting easier. To supplement crop sales, many families aspire to raise livestock, such as small pigs and goats. The new loans will help them purchase animals to raise and sell back for a profit. In addition to generating additional income, manure from the animals can be used as natural fertilizer. As side businesses, villagers will also sell incense or snacks, generating, on average, $2 a day.

Pictured above are the committee members from the village CBO: U Pho, U Tin, U Aung, U Thein, and U Myo. Included in the photo is U Tin (second from the left), who is the father of two children. As his young daughter is still a student, he wants to invest his new loan in raising livestock so that this additional income can go towards his daughter's education.

Additional Information

More information about this loan

This loan will be facilitated through Proximity Designs network of Community Based Organizations (CBOs) in order to support rural farmers in Myanmar’s Delta and Dry Zone regions.  Proximity worked closely with CBOs to provide relief services after Cyclone Nargis and to support village infrastructure projects.
 
CBOs also play a key role in providing access to microcredit.  In this model, CBO committee members support Proximity loan officers throughout the entire loan cycle. They assist in selecting village borrowers and also act as formal representatives during loan disbursement, collection of repayments and other communications. CBO committee members appear in Kiva profiles – often alongside village borrowers – as representatives of the community.
 
Since families rely heavily on income from farming to support their livelihoods, these loans are structured with a single bullet repayment at the end of the loan term. The timing aligns with expected harvest season when borrowers will be able to repay. All community members who receive financing through the CBO model must repay their portion of the loan before a village will be eligible to receive new funding. 

About Proximity Designs:

Proximity Designs is a non-profit social enterprise that offers loan products to help small, low income farmers increase their productivity and income. There are around 12 million farmers in Myanmar who make up more than a third of the labor force. The majority of these farmers have virtually no access to formal credit institutions.

In the absence of other financing opportunities, most small farmers in Myanmar are unable to afford the equipment, material, and labor necessary to grow their crops without the help of Proximity Designs. Kiva funding will be used to help Proximity Designs expand its agricultural microfinance operation and reach more low income, rural farmers.

Tags

About Myanmar (Burma)

  • Average annual income
  • 9
    View loans »
    Myanmar (Burma) Loans Fundraising
  • $967,600
    Funds lent in using Kiva
  • 973.0
    Myanmar Kyats (MMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Koke Ko Su Village to help 29 villagers buy livestock to raise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Sep 29, 2014
Listed
Aug 20, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015