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 $2,636,100 $964,411,000
Amount of raised Inactive loans $0 $471,900
Number of raised Inactive loans 0 232
Amount of Paying Back Loans $918,575 $146,758,050
Number of Paying Back Loans 886 182,630
Amount of Ended Loans $1,717,525 $817,181,050
Number of Ended Loans 498 1,025,959
Delinquency Rate 0.03% 7.86%
Amount in Arrears $237 $7,620,696
Outstanding Portfolio $897,848 $96,926,259
Number of Loans Delinquent 1 19,270
Default Rate 0.00% 1.41%
Amount of Ended Loans Defaulted $0 $11,498,102
Number of Ended Loans Defaulted 0 33,015
Currency Exchange Loss Rate 1.66% 0.46%
Amount of Currency Exchange Loss $43,868 $4,395,675
Refund Rate 0.72% 0.62%
Amount of Refunded Loans $18,900 $5,946,325
Number of Refunded Loans 5 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 52.42% 75.33%
Average Loan Size $548 $399
Average Individual Loan Size $3,383 $631
Average Group Loan Size $909 $1,760
Average number of borrowers per group 5.2 7.7
Average GDP per capita (PPP) in local country $1,700 $5,879
Average Loan Size / GDP per capita (PPP) 32.25% 6.79%
Average Time to Fund a Loan 11.71 days 6.92 days
Average Dollars Raised Per Day Per Loan $46.83 $57.68
  Average Loan Term 10.4 months 11.12 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 144 502,623
  Journaling Rate 24.15% 41.47%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.17

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 26.15% PY
  Profitability (return on assets) 12.33% N/A -1.14%
  Average Loan Size (% of per capita income) N/A N/A 16.85%

Country Fast Facts

Field Partner Staff

Jon Hiebert
Sohee Hyung
Lal Chuang Kim
Meera Neupane
Seinn Nwe Oo
Nang Nway Wai Phyo