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Francis Mileydis
Ms. Francis is very happy and content. Thanks to her first loan that was offered by the COMIXMUL cooperative in alliance with the Kiva investors, she was able to buy fertilizers, manure, and fungicides among others. With those she was able to maintain her coffee crops, keeping the plants, grain, and land from deteriorating. She was able to have a good harvest, which she sold to the different intermediaries in the area.

Ms. Francis has recently requested a second loan from the cooperative, which she will invest in buying more manure, fertilizers, and hired help since that is one of the greatest needs she has because of damage in previous years caused by coffee rust in a variety off coffee she had planted. Finishing this purchase and activity will hopefully improve her coffee production since her crops are almost recuperated from this illness, since she has the disadvantage that her previous harvest was diminished when the disease attacked.

Ms. Francis wants to keep her business in excellent condition, to harvest other areas where she planted coffee, and she wants her children to study and have a better future. She says that the loan will help her a lot to improve her production by applying manure to the land, since part of the earnings will be reused, and the rest will pay her debt to this institution to be able to continue being helped.
View original language description ↓
Doña Francis está muy feliz y muy contenta ya que gracias a su primer financiamiento el cual fue brindado por la cooperativa COMIXMUL en alianza con los inversionistas en la plataforma KIVA pudo comprar los fertilizantes, abono, fungicidas entre otros con los que pudo dar el mantenimiento a sus cultivos de café evitando de esta manera el deterioro de la planta, el grano, la tierra, etc. para poder sacar una buena cosecha la cual fue vendida a los diferentes intermediarios de la zona.
Doña Francis nuevamente ha solicitado un segundo financiamiento a la cooperativa el cual invertirá en la compra de más abono, fertilizantes y pago de mano de obra ya que es una de las mayores necesidades que tiene por el daño que en años anteriores le causo la roya a una variedad de café que tenía plantada. Llevando a cabo dicha compra y dicha actividad espera mejorar la producción de café ya que sus cultivos están casi recuperados de esta enfermedad teniendo como desventaja que su anterior cosecha se vio mermada cuando ataco esta enfermedad.
Doña Francis quiere mantener su propiedad en excelentes condiciones, cosechar otros terrenos los cuales acaba de plantar café y quiere que sus hijos estudien y tengan un mejor futuro. Ella comenta que el crédito le ayudara mucho a mejorar la producción por medio del abono a la tierra ya que las ganancias serán reutilizadas una parte y la otra pagar su compromiso con dicha institución para seguir siendo apoyada

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.

Tags

About Honduras

  • $4,200
    Average annual income
  • 20
    View loans »
    Honduras Loans Fundraising
  • $8,346,875
    Funds lent in using Kiva
  • 19.7
    Honduras Lempiras (HNL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Francis Mileydis to buy agricultural supplies and pay hired help to care for her coffee crops.
0% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 14, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible