Status update — July 17, 2018

Kiva and Proximity Designs have agreed to pause their partnership. This partner has repaid its outstanding balance to Kiva in full and these funds have been distributed to lenders. We thank Proximity Designs for their partnership and wish them success in their future endeavours.

Partner Description

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 Lending Partner All Kiva Partners
  Start Date On Kiva Jul 31, 2014 Oct 12, 2005
Total Loans $4,155,250 $1,999,972,715
Amount of raised Inactive loans $0 $557,650
Number of raised Inactive loans 0 203
Amount of Paying Back Loans $0 $153,956,230
Number of Paying Back Loans 0 181,893
Amount of Ended Loans $4,155,250 $1,810,017,340
Number of Ended Loans 2,899 2,432,231
Delinquency Rate 0.00% 11.50%
Amount in Arrears $0 $10,715,938
Outstanding Portfolio $0 $93,157,824
Number of Loans Delinquent 0 46,269
Default Rate 0.00% 1.84%
Amount of Ended Loans Defaulted $163 $33,278,852
Number of Ended Loans Defaulted 1 87,208
Currency Exchange Loss Rate 1.19% 0.48%
Amount of Currency Exchange Loss $49,341 $12,335,694
Refund Rate 6.94% 0.54%
Amount of Refunded Loans $288,200 $10,873,075
Number of Refunded Loans 246 9,630

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 63.63% 78.34%
Average Loan Size $321 $392
Average Individual Loan Size $3,383 $587
Average Group Loan Size $983 $1,903
Average number of borrowers per group 5.1 8.3
Average GDP per capita (PPP) in local country $1,700 $5,595
Average Loan Size / GDP per capita (PPP) 18.89% 7.01%
Average Time to Fund a Loan 12.77 days 9.02 days
Average Dollars Raised Per Day Per Loan $25.15 $43.51
  Average Loan Term 10.31 months 11.48 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 377 1,199,432
  Journaling Rate 12.97% 42.11%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.56

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% PY N/A 26.87% PY
  Profitability (return on assets) 4.4% N/A -2.44%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Country:
Myanmar (Burma)
Capital:
Yangon
Official Language:
Burmese
Population:
55,746,253
Avg Annual Income:
$1,700
Labor Force:
agriculture: 70%, industry: 7%, services: 23%
Population Below Poverty Line:
32.70%
Literacy Rate:
92.70%
Infant Mortality Rate (per 1000):
44.91 deaths
Life Expectancy:
65.94 years

Lending Partner Staff