Pale Ywar Thit (D, E) Village Group
Pale Ywar Thit (D, E) Village Group’s story
This loan will help 14 members purchase ducks and high quality duck feed. Duck raising has recently become very popular in Myanmar and is a way to boost income in rural areas. Duck growers work very carefully and have to make sure not to spook or stress their ducks, as it affects their egg production rate.
Pictured above are some members from the Pale Ywar Thit Village Group – Yin, Ohmar, Wai, Aye T, and Aye M. Pale Ywar Thit Village is located in the Myanmar Delta Region where most households focus on crop farming and raising ducks.
The loan from Kiva will help Yin (middle in the picture) and her family to purchase duck feed for both current use and to store for future use. She intends to invest revenue from this business into another farm plot.
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.