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 $1,417,075 $822,827,750
Amount of raised Inactive loans $0 $403,625
Number of raised Inactive loans 0 404
Amount of Paying Back Loans $652,525 $137,217,750
Number of Paying Back Loans 167 162,817
Amount of Ended Loans $764,550 $685,206,375
Number of Ended Loans 129 848,120
Delinquency Rate 0.00% 8.33%
Amount in Arrears $0 $7,537,453
Outstanding Portfolio $652,525 $90,442,176
Number of Loans Delinquent 0 24,563
Default Rate 0.00% 1.26%
Amount of Ended Loans Defaulted $0 $8,610,143
Amount of Ended Loans $764,550 $685,206,375
Number of Ended Loans Defaulted 0 22,789
Currency Exchange Loss Rate 2.34% 0.41%
Amount of Currency Exchange Loss $33,104 $3,389,095
Refund Rate 1.33% 0.65%
Amount of Refunded Loans $18,900 $5,367,575
Number of Refunded Loans 5 5,688

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 27.10% 74.67%
Average Loan Size $4,771 $409
Average Individual Loan Size $4,771 $646
Average Group Loan Size $0 $1,818
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $1,700 $5,942
Average Loan Size / GDP per capita (PPP) 280.63% 6.89%
Average Time to Fund a Loan 10.53 days 6.81 days
Average Dollars Raised Per Day Per Loan $453.10 $60.11
  Average Loan Term 11.27 months 10.98 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 56 402,182
  Journaling Rate 26.02% 40.52%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.38

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% APR N/A 28.54% PY
  Profitability (return on assets) 6.5% N/A -0.69%
  Average Loan Size (% of per capita income) N/A N/A 19.50%

Country Fast Facts

Field Partner Staff

Jon Hiebert
Lal Chuang Kim
Ngun Siang Kim
A Zun Mo
Meera Neupane