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 $2,220,006,595
Amount of raised Inactive loans $0 $400,175
Number of raised Inactive loans 0 123
Amount of Paying Back Loans $0 $160,524,140
Number of Paying Back Loans 0 188,593
Amount of Ended Loans $4,155,250 $2,059,082,280
Number of Ended Loans 2,899 2,712,176
Delinquency Rate 0.00% 10.69%
Amount in Arrears $0 $10,722,109
Outstanding Portfolio $0 $100,342,692
Number of Loans Delinquent 0 68,521
Default Rate 0.00% 1.81%
Amount of Ended Loans Defaulted $163 $37,190,287
Number of Ended Loans Defaulted 1 97,678
Currency Exchange Loss Rate 1.19% 0.39%
Amount of Currency Exchange Loss $49,341 $13,791,009
Refund Rate 6.94% 0.52%
Amount of Refunded Loans $288,200 $11,580,885
Number of Refunded Loans 246 9,981

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 63.63% 78.93%
Average Loan Size $321 $408
Average Individual Loan Size $3,383 $604
Average Group Loan Size $983 $1,967
Average number of borrowers per group 5.1 8.4
Average GDP per capita (PPP) in local country $1,700 $4,378
Average Loan Size / GDP per capita (PPP) 18.89% 9.32%
Average Time to Fund a Loan 12.77 days 9.21 days
Average Dollars Raised Per Day Per Loan $25.15 $44.32
  Average Loan Term 10.31 months 11.52 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 377 1,310,545
  Journaling Rate 12.97% 41.68%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.52

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 28.52% PY
  Profitability (return on assets) 4.4% N/A -1.51%
  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