Hmaw Eain (A, B) Village Group
Hmaw Eain (A, B) Village Group’s story
Included in the above picture are five group leaders from Hmaw Eain (A,B) village group named Maung, Zinthu, Khin, Htay and Win, who will oversee 13 clients in this village.
This village consists of 420 households that are mainly focused on crop farming and livestock breeding. Some of them earn their living by operating grocery shops and running water transportation businesses.
The man in the middle in the picture is Maung, who is 34 years old and married, with three children who are still in school. Like his fellow members, Maung will use his new loan to purchase high-quality duck feed, which will support his ducks to lay more eggs, which he can sell for a good price.
With that profit, he plans to buy fertilizer for his crop land and save for his children’s school fees.
He is a positive man who turns every challenge into an opportunity. With a big smile on his face, he says he feels so proud and happy collecting duck eggs from his farm. As a father, he eagerly wishes his children to be well-educated, and also to have high-paying jobs when they grow up.
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.