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 Field Partner All Kiva Partners
  Start Date On Kiva Jul 31, 2014 Oct 12, 2005
Total Loans $4,155,250 $1,495,032,325
Amount of raised Inactive loans $0 $347,250
Number of raised Inactive loans 0 149
Amount of Paying Back Loans $0 $153,404,400
Number of Paying Back Loans 0 187,447
Amount of Ended Loans $4,155,250 $1,341,280,675
Number of Ended Loans 2,899 1,759,156
Delinquency Rate 0.00% 20.67%
Amount in Arrears $0 $20,066,413
Outstanding Portfolio $0 $97,093,255
Number of Loans Delinquent 0 70,029
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $163 $23,256,208
Number of Ended Loans Defaulted 1 57,822
Currency Exchange Loss Rate 1.19% 0.40%
Amount of Currency Exchange Loss $49,341 $6,269,289
Refund Rate 6.94% 0.62%
Amount of Refunded Loans $288,200 $9,331,075
Number of Refunded Loans 246 8,663

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 63.63% 76.90%
Average Loan Size $321 $393
Average Individual Loan Size $3,383 $606
Average Group Loan Size $983 $1,777
Average number of borrowers per group 5.1 7.9
Average GDP per capita (PPP) in local country $1,700 $5,710
Average Loan Size / GDP per capita (PPP) 18.89% 6.89%
Average Time to Fund a Loan 12.77 days 7.8 days
Average Dollars Raised Per Day Per Loan $25.15 $50.45
  Average Loan Term 10.31 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 377 931,594
  Journaling Rate 12.97% 43.17%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% PY N/A 26.45% PY
  Profitability (return on assets) 4.4% N/A -0.68%
  Average Loan Size (% of per capita income) N/A N/A 12.07%

Country Fast Facts

Field Partner Staff

veronica collins
Elizabeth Espinar
Jon Hiebert
Seinn Nwe Oo
Wai Mon Phyo
Thet Toe
Nang Nway Wai Phyo