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 Village Lending Groups (VLGs) who assist loan officers in each village with customer selection, loan disbursement and collection. The average VLG 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 $1,931,975 $890,155,275
Amount of raised Inactive loans $0 $681,100
Number of raised Inactive loans 0 311
Amount of Paying Back Loans $836,800 $141,005,100
Number of Paying Back Loans 383 173,398
Amount of Ended Loans $1,095,175 $748,469,075
Number of Ended Loans 217 931,065
Delinquency Rate 0.00% 9.49%
Amount in Arrears $0 $8,728,656
Outstanding Portfolio $835,401 $92,025,763
Number of Loans Delinquent 0 33,089
Default Rate 0.00% 1.35%
Amount of Ended Loans Defaulted $0 $10,092,725
Number of Ended Loans Defaulted 0 28,346
Currency Exchange Loss Rate 1.83% 0.45%
Amount of Currency Exchange Loss $35,421 $3,973,667
Refund Rate 0.98% 0.64%
Amount of Refunded Loans $18,900 $5,731,525
Number of Refunded Loans 5 5,858

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 38.02% 74.98%
Average Loan Size $2,433 $406
Average Individual Loan Size $3,383 $638
Average Group Loan Size $1,106 $1,803
Average number of borrowers per group 5.7 7.8
Average GDP per capita (PPP) in local country $1,700 $5,930
Average Loan Size / GDP per capita (PPP) 143.09% 6.85%
Average Time to Fund a Loan 9.85 days 6.94 days
Average Dollars Raised Per Day Per Loan $247.07 $58.56
  Average Loan Term 9.89 months 11.07 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 72 458,189
  Journaling Rate 25.89% 41.63%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.25

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 30% PY N/A 26.53% PY
  Profitability (return on assets) 6.5% N/A 0.08%
  Average Loan Size (% of per capita income) N/A N/A 18.53%

Country Fast Facts

Field Partner Staff

Jon Hiebert
Lal Chuang Kim
Ngun Siang Kim
Meera Neupane