Proximity Finance
Loan financing farm inputs, and offered to match clients planting and harvesting timeline.
Product Overview & Scale
- Fsp NameProximity Finance
- Fsp ID169054
- As of Date6/30/17
- CurrencyUSD
- Product NameCrop Loan
- CountryMyanmar
- Total Clients Bracket50,000- 100,000
- Product Clients Bracket50,000- 100,000
- Number of Product Clients66,500
- Percent of Total Clients that are Product Clients85%
- Average Loan Size Per Client189
- Average Loan Size Per Client189
Financial Structure & Pricing
- loan or product structure is flexibleFALSE
- repayment structure is flexibleFALSE
- loan or product term covers growing seasonTRUE
- grace period offeredTRUE
- group or individual loanGroup
- apr32%
- average loan processing time days14
- is apr or other transparent pricing communicated to clientsTRUE
- type of primary insurance productLife/funeral insurance
- average premium per client in last 12 months for primary insurance product1.85
- annualized repayment rate of the product98- 100%
Value Chain Support
- inputs assets services are readily availableFALSE
- inputs assets services are available at time demanded by clientFALSE
- inputs assets services available within reasonable distance of clientFALSE
- inputs assets services are of good qualityFALSE
- informal management services providedFALSE
- formal programs in place for post harvest managementFALSE
- informal linkages exist between clients and buyers producersFALSE
- formal linkages exist between clients and buyers producersFALSE
- guaranteed market opportunities exist for clientsFALSE
Training
- agricultural training available to clientsFALSE
- agricultural training available to clients using formal curriculumFALSE
- multiple agricultural trainings delivered during product cycleFALSE
- organization does quality checks on trainingsFALSE
- financial literacy training takes places yes noFALSE
- classroom theoretical training offered by administering partyFALSE
- training engages clients in participatory learning with additional materialsFALSE
- training is offered in a convenient location for clientsFALSE
Measuring Impact
- regular measurement of farmer yields takes placeTRUE
- formal measurement with strong control groupTRUE
- rct or other academic quality work done to verify resultsFALSE
- rct or other academic quality work done to verify results if yes describeNot quite RCT, but very close with control groups used.
- measurement of change to profit income or poverty reduction takes placeTRUE
- using methodical process over time to measure changeTRUE
- using methodical process over time to measure change if yes describeAnually
- what type of poverty measurement metric is usedIn-depth client interviews