Proximity Designs
Approved to post Kiva loans from: Myanmar (Burma)
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 | $2,048,758,690 | |
| Amount of raised Inactive loans | $0 | $348,325 | |
| Number of raised Inactive loans | 0 | 296 | |
| Amount of Paying Back Loans | $0 | $153,933,040 | |
| Number of Paying Back Loans | 0 | 183,991 | |
| Amount of Ended Loans | $4,155,250 | $1,852,324,370 | |
| Number of Ended Loans | 2,899 | 2,496,556 | |
| Delinquency Rate | 0.00% | 11.72% | |
| Amount in Arrears | $0 | $10,838,102 | |
| Outstanding Portfolio | $0 | $92,466,642 | |
| Number of Loans Delinquent | 0 | 38,146 | |
| Default Rate | 0.00% | 1.82% | |
| Amount of Ended Loans Defaulted | $163 | $33,752,032 | |
| Number of Ended Loans Defaulted | 1 | 89,003 | |
| Currency Exchange Loss Rate | 1.19% | 0.47% | |
| Amount of Currency Exchange Loss | $49,341 | $12,742,203 | |
| Refund Rate | 6.94% | 0.53% | |
| Amount of Refunded Loans | $288,200 | $10,938,345 | |
| Number of Refunded Loans | 246 | 9,670 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 63.63% | 78.48% | |
|---|---|---|---|
| Average Loan Size | $321 | $393 | |
| Average Individual Loan Size | $3,383 | $586 | |
| Average Group Loan Size | $983 | $1,910 | |
| Average number of borrowers per group | 5.1 | 8.3 | |
| Average GDP per capita (PPP) in local country | $1,700 | $5,592 | |
| Average Loan Size / GDP per capita (PPP) | 18.89% | 7.02% | |
| Average Time to Fund a Loan | 12.77 days | 9.12 days | |
| Average Dollars Raised Per Day Per Loan | $25.15 | $43.08 | |
| Average Loan Term | 10.31 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 377 | 1,222,149 | |
|---|---|---|---|
| Journaling Rate | 12.97% | 41.92% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.55 |
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 | 26.44% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 4.4% | N/A | -1.32% | |
| 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