Angela's mission to meet her goals, hopes and dreams continues now she is up to date with her commitments: supporting the family, buying groceries and clothing as well as other necessities which have to be covered for the family's wellbeing. Based on her paying off the loan promptly, her credibility and her punctual payments, she is asking for a second loan which she will use to start afresh, buying foliar feeds, fertilizers, manure and first quality seed potatoes. She has been able to buy a lot of this with the profits she made but she still needs to prepare the land and do other tasks so that this second crop is worthwhile and makes her very happy.
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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This loan has been fully funded!