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Juan Miguel
Juan Miguel is 53 and a small scale coffee grower. He is married and has six children, from 5 to 17 years old. Together with his family he lives in El Guineo neighborhood in Patuca municipality. Juan Miguel began growing coffee thanks to one of his brothers-in- law who gave him a gift of a plot of land and provided him with a small loan. He has spent 20 years cultivating coffee, a task he learned how to do from his father who is himself a small coffee grower.

Juan is very grateful to his brother-in-law because, thanks to him, he now has his own business and an income to support his family. He feels at a disadvantage in that his small farm is not mechanized, which causes him to incur additional costs, and the danger of pest infestations is a real headache. However, he feels he has an advantage in that coffee is a very marketable product and once it is harvested he can sell it quickly. He is requesting this loan to buy weed killer, fertilizer and to pay a labor force to clear the land. His goal is to eventually have 10 mz. of land (one manzana = approximately 1.68 acres) under cultivation and with the support of this loan he will be able to achieve this, little by little . This is Juan’s first loan cycle at FAMA and he expects to fulfill his commitment to make all his payments on time.
View original language description ↓
Juan Miguel tiene 53 años de edad, es caficultor en pequeña escala, es casado y tiene seis hijos entre las edades de 17 y 5 años, y junto a su familia reside en la comunidad de El Guineo en el municipio de Patuca. Don Juan inició a dedicarse al cultivo de café gracias a que uno de sus cuñados le hizo un pequeño prestamo de dinero y tambien le regalara una area de tierra, tiene 20 años de dedicarse a este cultivo y el manejo lo aprendió de su padre ya que tambien se dedicaba a los mismo. Don Juan se siente muy agradecido con su cuñado porque gracias a él ahora tiene su propio negocio y tiene una entrada de dinero para sostener a su familia. Su desventaja es que la pequeña finca no esta tecnificada y eso le provoca costos adicionales y el peligro de las plagas es un verdadero dolor de cabeza. Pero su ventaja es que el café es un producto bastante comercializable y una vez que sale la produccion la vende rapido. El prestamo que esta solicitando en esta ocasion lo necesita para comprar melaza, fertilizantes, y pagar la mano de obra por la chapia de la tierra. Su meta es llegar a tener 10 mz de tierra cultivada y con el apoyo de este prestamo poco a poco lo irá logrando. Este es el primer ciclo de don Juan en FAMA y espera cumplir con el compromiso de sus pagos al dia.

Additional Information

About FAMA:

Honduras is one of the poorest countries in the Western Hemisphere with approximately 59% of people living below the poverty line. Familia y Medio Ambiente OPDF (FAMA OPDF) is a Honduran non-profit with no religious or political affiliation. FAMA’s mission is to provide quality and opportune financial services so that men and women have equal opportunities to develop their micro or small businesses, whether they focus on agriculture, manufacturing or services. FAMA operates 13 branches throughout Honduras and serves over 12,500 clients.

About Honduras

  • $4,800
    Average annual income
  • 87
    View loans »
    Honduras Loans Fundraising
  • $8,845,600
    Funds lent in using Kiva
  • 18.8
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Juan Miguel to buy fertilizer and weed killer and to pay laborers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 21, 2011
Listed
Aug 25, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012