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Arcadia
Arcadia is very pleased with how her first loan went. With it, she was able to buy the supplies she needed for growing potatoes, obtaining a good harvest from her crops and enabling her to fulfill her loan commitment. She used her earnings in part to reinvest in her crops on one hand, and the rest, she sent to a certified seed potato nursery, which she will plant from this time around.

Her production was very good and she was able to earn income on around 50 quintales (about 100 lbs per quintal) of high-quality potatoes. She was able to sell them in the local market quickly at a price that was both accessible and considerable. Her business changed for the better thanks to the first loan, as did her quality of life. The income she earned met and even possibly exceeded her expectations.

That's why this time she has decided to request a second loan, which she will use to plant the seed that she currently has, but in larger quantity, and once again prepare her land for the new product. Doing this is necessary to preserve and maintain the excellent results that she has had.
View original language description ↓
Doña Arcadia se encuentra muy feliz ya que con su primera solicitud de crédito ella pudo comprar los insumos para sus cultivos de papa con la que obtuvo una buena producción de su cultivo y pudo salir con su compromiso de crédito. Las ganancias fueron obtenidas para re invertir en sus cultivos una parte y la otra fue destinada para un semillero de papa certificado el cual pudo obtener esta vez para poder cultivar. Su producción fue muy buena y pudo obtener ganancias aproximadamente 50 QQ de papa de muy buena calidad pudiendo vendarla rápida mente a un precio accesible y considerable en el mercado local. Su negocio tuvo un cambio porque mejoro su producción gracias al primer financiamiento como también su calidad de vida ya que los ingresos obtenidos eran los esperados hasta tal punto que sobrepasaron sus expectativas. Por lo que esta vez han decidido solicitar un segundo crédito con el cual puedan sembrar la semilla que actualmente tienen en una mayor cantidad y poder preparar la tierra nuevamente para el nuevo producto ya que es necesario por el mantenimiento y protección de la misma para poder sacar buenos resultados.

Additional Information

More information about this loan

These loans are designed for female farmers who produce a variety of products (onion, garlic, eggplant, spinach, mango, strawberries, etc.). Loan terms will vary depending on need, and borrowers can choose to make a "bullet" payment timed with harvest profits. Agricultural loans are considered risky in Honduras due to external forces like unpredictable weather and worldwide crop prices. As a result, many traditional financial institutions are unwilling to offer these loans. With Kiva funding, COMIXMUL will be able to reach more borrowers with agricultural loans tailored to their needs.

About Honduras

  • $4,200
    Average annual income
  • 26
    View loans »
    Honduras Loans Fundraising
  • $8,349,000
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Arcadia plant certified seed potatoes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 12, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 23, 2015