Here's a thought: what if instead of asking people for charitable donations, we asked them for $25 loans?
Every morning, Daw Lei Lei wakes up to the satisfying sound of her 100 ducks nestled alongside one another in the shed outside of her house in Hmaw Bi Village. After she sets them free, Daw Lei Lei follows the ducks on a small wooden boat as they roam through the nearby pond. She's careful not to lose even one.
Making sure her ducks are well-cared for is crucial for duck farmers such as Daw Le Lei, since egg production rates can vary greatly depending on the food that her animals eat. Accessing quality feed is crucial to the success of Daw Lei Lei's business, but unfortunately, it isn't always easy. She needs the food the most in July, which is also the leanest month for thousands of duck farmers in Myanmar's Delta Region; because rice farming is in full force this month, duck farmers have to limit the movement of their flocks, meaning production can drop to as little as one or two eggs a day for every ten ducks.
Starting 2014, Proximity Finance, our micro-finance arm, has supported over 2,200 duck farmers in Myanmar by disbursing micro-loans designed specificallyto help duck growers buy nutritious feed when they need it the most. Proximity can provide these loans thanks to a partnership with Kiva, the largest microfinance crowdsourcing platform in the world. Kiva enables individuals everywhere to support farmers and smallholders in remote villages. By entering $25 into the system, Kiva ensures that 100% of your loan goes directly to the borrower of your choice in one of 83 different countries. When the loan term is up, you can re-lend the money to a different borrower, or withdraw the funds and receive $25 back. Proximity Designs is Kiva's first field partner in Myanmar.
Daw Lei Lei was one of the first Proximity customers whose duck micro-loan was funded through Kiva. Before the loan, Daw Lei Lei's family finances where often in the red. Her village was gravely affected by Cyclone Nargis in 2008, and the family lost a daughter as well as their seven-acre farm. Since then, the family has survived by farming ducks, but their business was precarious at best.
The family used the $200 micro-loan to purchase more ducks and quality duck feed, and even this small injection of cash was enough to stabilize their income. With the increased profits, Daw Lei Lei's husband purchased a boat to start his own transportation business, which in turn yields enough profit to cover their two children's school fees, allowing the family extra breathing room that they haven't had in years.
Already, we've raised $1,070,000 through Kiva, thanks to countless individuals who are entrusting rural Myanmar village groups with their loans. We're aiming to lend $500,000 to more than 2,500 duck farmers in Myanmar by November 2015. If you are interested in Proximity's work, you can get directly involved in what we do by lending $25 so that U Win can purchase better feed, or by supporting duck farmers in Chaung Pyar.