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Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
25-year-old Tin, standing in the middle, is a farmer who grows corn, chickpeas and pigeon peas to earn a living. She is married with one young daughter, who is still in school.
With her share of this loan, Tin plans to buy better quality seeds and to hire laborers to help her on her farm. With Tin in the picture are Yu, Tin Tin, Htay, and Kyin. They all live in Kant Sint Village, located in Myingyan township.
In this group: Yu, Tin , Tin Tin , Htay , Kyin
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Proximity Finance is the financial services unit of Proximity Designs, a non-profit social enterprise, established in Myanmar in 2004 to provide affordable irrigation products to smallholder farmers. Proximity Finance was set up in 2012 to offer working capital microloans to help these farmers increase their productivity and income. There are around 12 million smallholder farmers in Myanmar, the majority of whom don't have access to sufficient affordable credit to meet their working capital needs. In the absence of other financing opportunities, most of these farmers are unable to purchase the optimal level of inputs to achieve sufficient crop yields. As a result, farm productivity in Myanmar is lower than in any other parts of Southeast Asia.
Kiva funding will be used to help Proximity Finance expand its agricultural microfinance operations to new territories, and over time to expand its range of innovative, affordable financial services tailored to the needs of rural people.
Proximity?s mantra is ?Innovation in Collaboration.? Join Proximity's lending team or view their website to learn more about their impactful work.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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