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Anonymous
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Previous Loan Details

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Additional Information

More information about this loan

These loans help farmers swap out their old coffee plants that are no longer producing at capacity for new plants. New plants generally take three years to produce at capacity, temporarily reducing crop yield. Given that the renewal process can be lengthy, please note that this loan may have a long repayment term with a built-in grace period.

 

Important Information

La Union Regional de Pequeños Productores de Cafe Huatusco (or, La Union Regional) is a member-owned, Fair Trade-certified coffee cooperative based in the state of Veracruz, Mexico. Kiva helps fund loans for La Union Regional’s members, allowing them to plant more crops and convert to more profitable organic farming methods. La Union Regional is backed by Fair Trade USA and Green Mountain Coffee Roasters, which retails members’ coffee.

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

Because La Union Regional’s core business is not microfinance, there is some level of additional risk for lenders. Kiva’s partnership with La Union Regional is unique and unprecedented. For this reason, Kiva has not assigned the organization a risk rating. More information can be found on La Union Regional’s partner page.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mexico

  • $15,600
    Average annual income
  • 19
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 12.5
    Mexico Pesos (MXN) = $1 USD
Paying Back - Delinquent
A loan of $1,450 helped this borrower to buy fertilizer and coffee plants.
0% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Aug 5, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Anonymous. It was first posted on Kiva on May, 2012. Learn More