There are 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. 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 $781,000 $669,714,425
Amount of raised Inactive loans $16,450 $382,650
Number of raised Inactive loans 3 185
Amount of Paying Back Loans $465,425 $131,923,625
Number of Paying Back Loans 92 146,294
Amount of Ended Loans $299,125 $537,408,150
Number of Ended Loans 37 672,218
Delinquency Rate 20.25% 5.96%
Amount in Arrears $94,084 $5,199,187
Outstanding Portfolio $464,684 $87,242,613
Number of Loans Delinquent 9 21,164
Default Rate 0.00% 1.14%
Amount of Ended Loans Defaulted $0 $6,125,366
Amount of Ended Loans $299,125 $537,408,150
Number of Ended Loans Defaulted 0 18,798
Currency Exchange Loss Rate 0.04% 0.19%
Amount of Currency Exchange Loss $341 $1,304,735
Refund Rate 2.42% 0.70%
Amount of Refunded Loans $18,900 $4,720,150
Number of Refunded Loans 5 5,237

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 24.52% 74.24%
Average Loan Size $5,839 $417
Average Individual Loan Size $5,839 $655
Average Group Loan Size $0 $1,839
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $0 $3,386
Average Loan Size / GDP per capita (PPP) 0.00% 12.31%
Average Time to Fund a Loan 8.13 days 6.06 days
Average Dollars Raised Per Day Per Loan $718.13 $68.79
  Average Loan Term 10.1 months 10.64 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 331,654
  Journaling Rate 0.00% 41.66%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.67

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 32.63% PY
  Profitability (return on assets) N/A N/A -1.90%
  Average Loan Size (% of per capita income) N/A N/A 19.71%

Country Fast Facts

Field Partner Staff

Meera Neupane
Conor Smith
Aung Win

Kiva Fellow(s)

Semone Aye