As we approach the intermission in our current sales season, we wanted to showcase one of our stars behind the…
Agricultural finance for the small-holder
Credit for rural entrepreneurs is a hugely underserved market
Farmers around the world need credit for their businesses, and Myanmar small-holders are no different. But, with no formalized banking system and limited micro-finance options, families will often take unofficial loans from private moneylenders at high interest rates. Most farmers are in debt for part of every year, and many are losing their profits to high interest. Proximity’s low-interest, fixed term loans offer two safer, more profitable alternatives that are increasing incomes by an average of $250 each.