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 $1,687,800 $865,925,875
Amount of raised Inactive loans $1,275 $454,625
Number of raised Inactive loans 1 322
Amount of Paying Back Loans $591,350 $137,945,875
Number of Paying Back Loans 170 167,793
Amount of Ended Loans $1,095,175 $727,525,375
Number of Ended Loans 217 903,640
Delinquency Rate 0.00% 8.05%
Amount in Arrears $0 $7,250,265
Outstanding Portfolio $591,350 $90,059,903
Number of Loans Delinquent 0 21,641
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,619,060
Amount of Ended Loans $1,095,175 $727,525,375
Number of Ended Loans Defaulted 0 26,678
Currency Exchange Loss Rate 2.10% 0.43%
Amount of Currency Exchange Loss $35,421 $3,748,624
Refund Rate 1.12% 0.65%
Amount of Refunded Loans $18,900 $5,634,100
Number of Refunded Loans 5 5,820

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 28.03% 74.87%
Average Loan Size $4,343 $408
Average Individual Loan Size $4,343 $640
Average Group Loan Size $0 $1,806
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,700 $5,937
Average Loan Size / GDP per capita (PPP) 255.46% 6.86%
Average Time to Fund a Loan 11.06 days 6.9 days
Average Dollars Raised Per Day Per Loan $392.49 $59.02
  Average Loan Term 11.05 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 58 439,775
  Journaling Rate 23.96% 41.48%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

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 27.38% PY
  Profitability (return on assets) 6.5% N/A -0.69%
  Average Loan Size (% of per capita income) N/A N/A 19.18%

Country Fast Facts

Field Partner Staff

Jon Hiebert
Lal Chuang Kim
Ngun Siang Kim
Meera Neupane