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Reina America
With the economic help from the COMIXMUL cooperative and Kiva lenders, Reina was able to buy various supplies to provide her coffee plants with the necessary maintenance and care: 3 QQ (quintales or hundred pounds) of urea, 3 QQ of coffee fertilisation formula 12-24-12, 2 bags of fertilisers, 3 litres of fungicide, 3 litres of insecticide and 3 litres of leaf plant fertiliser. Reina sold the coffee on to someone in the community who works in purchasing, and he in his turn resold the produce to stores sited in other parts of the department and used exclusively for the buying and selling of coffee. She was able to meet her loan repayments with the money she earned.

Currently, she is asking for a second loan that she will invest in buying fertilisers and urea as well as for paying workers to prepare and clear the ground for her coffee plants. This is really important in order to avoid weed growth and plant deterioration. Reina feels that the loan will help her to maintain her plantation better, and thus make her product more attractive and appealing for sale, which will in turn lead to a better income when sold.
View original language description ↓
Con la ayuda económica que financio la cooperativa COMIXMUL en alianza con los inversionistas en la plataforma de KIVA Doña Reina pudo comprar los diferentes insumos para poder darle a sus plantas de café el mantenimiento y cuidado posible: 3 QQ de urea, 3 QQ de formula cafetalera 12-24-12, 2 sacos de fertilizantes, 3 litros de fungicidas, 3 litros de plaguicidas, 3 litros de foliares. Doña Reina vendió el café a una persona de la comunidad la cual se dedica a comprar y a su vez esta persona revende el producto a bodegas que se dedican exclusivamente a la compra-venta de café ubicadas en otras zonas del departamento y con los ingresos obtenidos pudo salir con su compromiso de pago.
Actualmente ella solicita un segundo financiamiento el cual invertirá la compra de fertilizantes, urea y pago de mano de obra para abonar y limpiar sus cultivos de café ya que es muy importante para evitar el crecimiento de maleza y deterioro del mismo. Considera doña Reina que el financiamiento le ayudara a dar un mejor mantenimiento a su plantación y así hacer mas atractivo y llamativo su producto para su venta y con ello mejores ingresos mediante su venta.

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

  • $4,800
    Average annual income
  • 85
    View loans »
    Honduras Loans Fundraising
  • $8,841,950
    Funds lent in using Kiva
  • 19.7
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Reina America to buy agricultural supplies and to pay workers to help her cultivate coffee.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 18, 2014
Listed
Feb 28, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015