Pyi Taw Thar (A, B, C) Village Group
Pyi Taw Thar (A, B, C) Village Group’s story
Thuzar, Khin, Thida, Tin and Zin represent the 21 loan customers from Pyi Taw Thar (A, B, C) Village Group located in Kunggyangon Township in Myanmar. This new loan will help some members buy more ducklings so that they can lay more eggs and increase the members’ daily income. Others will apply the funds to purchase high-quality feed and vitamins for their ducks. Most of the villagers are farmers who cultivate rice. Betel nut cultivation and raising livestock such as ducks, pigs and chickens are common secondary businesses in the area.
Thuzar (second from the right), is a 23 year-old young woman who is married. She is the featured borrower of this group. Thuzar and her husband are very hard-working in preparation to give a secure family life for their children-to-be. Every morning, she sells vegetables in the village’s bazaar in addition to taking care of her ducks while her husband is working on the farm. Thuzar has received a loan from Proximity twice, and this has allowed her business to improve since she started with these loans. This time, Thuzar will use her portion of the loan funded by Kiva to buy high-quality feeds for her ducks, which is vital to increase duck egg production.
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.