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Apolonia
Apolonia is very happy because with her first loan request she was able to buy supplies for her corn crop. She obtained a crop yield of 50 quintals which she sold at a very good price and was able to repay the loan. Profits were very good and she reinvested part in her crops and the other was used to buy certified potato seed from a nursery which she was able to get to plant. She was also able to do some home repairs building a brick wall at home that was indispensable in order to divide a room. Her business changed because production improved thanks to the first loan. So did her quality of life because income earned were as expected, they even surpassed her expectations in fact. Therefore, this time she’s decided to request a second loan to plant the seeds she now has in larger amounts and to be able to prepare the soil once again for the new product because it’s necessary for crop maintenance and protection if results are to be good.
View original language description ↓
Doña Apolonia 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 excelente producción 50 quintales los cuales vendió a muy buen precio y pudo salir con su compromiso de crédito. Las ganancias fueron muy buenas y re invirtió 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. Además ella pudo hacer una mejora en su casa de habitación construyendo una pared de ladrillo en su casa la cual era indispensable para poder hacer una división. 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

  • $4,800
    Average annual income
  • 83
    View loans »
    Honduras Loans Fundraising
  • $8,816,850
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Apolonia to buy certified potato seed and to prepare the soil for planting.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 12, 2013
Listed
Sep 26, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 26, 2014