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Marilu
In Marilu's first loan using funds financed by different lenders through Kiva, she was able to achieve her aim of buying supplies such as manure, fertilizers, foliar feeds and urea which sustained her corn and bean crops. She was able to look after 2 hectares of cultivated land, getting a harvest of 24 loads. She improved her crops a lot and when she saw the harvest she had produced she though of her family's wellbeing. However, when she came to sell, like everything in life there are good times and bad times, the price for buying and selling these crops had gone down. She was unable to sell all of her grain due to the country's surplus harvest, and so she was unable to pay off her debt.

Marilu is asking for a new loan with the aim of sowing a second harvest and hoping that the price improves so she can sell it and make a good profit, which she will reinvest in planting new coffee plants.
View original language description ↓
Doña Marilu en su primer crédito con los fondos financiados por los diferentes inversionistas en la plataforma de KIVA pudo lograr su objetivo de comprar insumos como abono, fertilizantes, foliares, urea que dieron protección a sus cultivos de maíz y frijol pudiendo proteger 2 manzanas de tierra cultivada con lo que pudo obtener una cosecha de 24 cargas. Ella mejoro mucho sus cultivos y al ver la cosecha obtenida pensó en el bienestar también de su familia la venderlo pero como todo en la vida tiene ventajas y desventajas el precio de compra venta de estos productos bajo por lo que no pudo vender todo el grano en su totalidad gracias al exceso de cosecha que hay en el país por lo que no pudo cancelar su compromiso. Ella solicito un nuevo financiamiento de su préstamo con el fin de cultivar su postrera y esperar que el precio mejore para poder venderla y obtener una buena ganancia la cual la re invertirá en la siembra de nueva plantación de café.

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.

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About Honduras

  • $4,200
    Average annual income
  • 23
    View loans »
    Honduras Loans Fundraising
  • $8,480,275
    Funds lent in using Kiva
  • 20.5
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Marilu to sow a second crop and further improve her coffee, corn and bean crops.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 18, 2013
Listed
Oct 22, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014