There are 12 million farmers in Myanmar who make up more than a third of the labor force. The majority of these farmers lack access to formal credit that fits their needs. This results in a huge unmet demand for rural, small farming loans.
 
Proximity Designs is a non-profit social enterprise that offers loan products to help small farmers increase productivity. Proximity Designs also develops and distributes agricultural technology to rural farmers. The organization has a national distribution network that reaches 80% of the rural population.
 
A unique lending approach:
 
Proximity Designs offers loans to farmers with small landholdings, averaging about six acres. The loans help finance the purchase of irrigation processes, seeds, tools, small equipment and labor.

Proximity Designs offers its loans through Community Based Organizations (CBOs) who assist loan officers in each village with customer selection, loan disbursement and collection. The average CBO includes 48 members.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 31, 2014 Oct 12, 2005
Total Loans $952,750 $699,868,950
Amount of raised Inactive loans $0 $629,125
Number of raised Inactive loans 0 387
Amount of Paying Back Loans $558,800 $132,081,575
Number of Paying Back Loans 118 148,628
Amount of Ended Loans $393,950 $567,158,250
Number of Ended Loans 46 705,876
Delinquency Rate 0.00% 8.03%
Amount in Arrears $0 $6,931,449
Outstanding Portfolio $558,800 $86,372,623
Number of Loans Delinquent 0 28,760
Default Rate 0.00% 1.11%
Amount of Ended Loans Defaulted $0 $6,292,357
Amount of Ended Loans $393,950 $567,158,250
Number of Ended Loans Defaulted 0 18,982
Currency Exchange Loss Rate 0.04% 0.23%
Amount of Currency Exchange Loss $385 $1,591,452
Refund Rate 1.98% 0.69%
Amount of Refunded Loans $18,900 $4,837,250
Number of Refunded Loans 5 5,329

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 25.95% 74.28%
Average Loan Size $5,749 $417
Average Individual Loan Size $5,749 $655
Average Group Loan Size $0 $1,844
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $0 $3,373
Average Loan Size / GDP per capita (PPP) 0.00% 12.35%
Average Time to Fund a Loan 8.77 days 6.22 days
Average Dollars Raised Per Day Per Loan $655.50 $66.98
  Average Loan Term 10.42 months 10.71 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 344,662
  Journaling Rate 0.00% 41.54%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.61

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% APR N/A 32.11% PY
  Profitability (return on assets) N/A N/A -1.95%
  Average Loan Size (% of per capita income) N/A N/A 19.57%

Country Fast Facts

Field Partner Staff

Meera Neupane
Conor Smith
Aung Win