Hmaw Eain (C, D, E) Village Group
Hmaw Eain (C, D, E) Village Group’s story
Hmaw Eain village is located in Dedaye township, a part of the Delta Region of Myanmar. Pictured above are Han, Sein, Win, Than, Naing and Zaw who help to lead 14 loan clients in the loan program in this village. Approximately 400 households are located in this village who make a living by cultivating paddy rice and breeding livestock such as pigs, ducks and chickens.
The man wearing the green tank top in the picture is Han, the featured borrower, who is 55 years old and lives with his wife. Currently, he raises 130 ducks to have enough income for his family’s daily needs. Through this new loan from Kiva, Han will purchase ducklings and high quality feed. This will boost his income by allowing him to sell more duck eggs, and will generate a larger payoff when the ducks are fully grown and sold. Besides duck raising and farming, he also raises pigs for additional income.
The entire group is so grateful and excited to work with Kiva.
This loan is special because:
More about this loan
CBOs also play a key role in providing access to microcredit. In this model, CBO committee members support Proximity loan officers throughout the entire loan cycle. They assist in selecting village borrowers and also act as formal representatives during loan disbursement, collection of repayments and other communications. CBO committee members appear in Kiva profiles – often alongside village borrowers – as representatives of the community.
Since families rely heavily on income from farming to support their livelihoods, these loans are structured with a single bullet repayment at the end of the loan term. The timing aligns with expected harvest season when borrowers will be able to repay. All community members who receive financing through the CBO model must repay their portion of the loan before a village will be eligible to receive new funding.
About Proximity Designs:
Proximity Designs is a non-profit social enterprise that offers loan products to help small, low income farmers increase their productivity and income. There are around 12 million farmers in Myanmar who make up more than a third of the labor force. The majority of these farmers have virtually no access to formal credit institutions.
In the absence of other financing opportunities, most small farmers in Myanmar are unable to afford the equipment, material, and labor necessary to grow their crops without the help of Proximity Designs. Kiva funding will be used to help Proximity Designs expand its agricultural microfinance operation and reach more low income, rural farmers.