Shwe Su Village
This new loan would enable this community to invest in raising and selling livestock, such as pigs. Villagers prefer to raise pigs and sell them back for profit. One small pig is about $50 and can be sold back at $120 after raising it for about one year. This profit would help them buy farming inputs, such as seeds or fertilizer, or support family expenses, such as health emergencies and school fees. Livestock is their second source of income after farming for these villagers and is less reliant on weather. For additional income, villagers will operate small grocery stores and send their children to the cities to work in ports.
Pictured above are the committee members from the village CBO: U San, U Kyaw, U Aung (leader), U Win , U Zaw , U Chit, U Hla, U Kyaw Kyar, and U Khin. Included in the photo is U Aung (third from the left), the 61-year-old father of one child. His main business is cultivating paddy, millet and sunflowers. As his son is a university student, he has to support his educational expenses. This new loan would help him to purchase two small pigs to raise and sell back for profit. He will use some parts of the loan to buy high quality seeds.
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.
About Myanmar (Burma)
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Success!! The loan was 100% repaid