In the last three years, his coffee production has been 300 quintals (30,000 pounds). His goal this year is to renew (by pruning) 0.7 hectares of coffee of the 2.11 hectares that he has established,so that he improves the productive yield of the coffee and confronts low market prices with greater volume.
To the extent that his income increases, his vision is to buy more land in order to diversify his ranch more with other lines of farming such as livestock and to reduce risks. This small, rural entrepreneur has always been very careful in investing the funding that he has received in the activities for which he requests it and to reinvest, although it may be a small part of his utilities, in his own ranch.
More information about this loan
This loan is part of PAC's program to help farmers swap out old unproductive coffee plants for new ones. New plants generally take three to five years to produce coffee at capacity, temporarily reducing crop yield. Given the length of this renewal process, loans are designed so that farmers can repay over five years with a one-year grace period. Farmers working with PAC also receive technical assistance and commercial services, as well as access to Fair Trade and organic certifications and international markets.
About PACPAC (Association for People in Community Action) is a community development organization in Nicaragua that offers clients loans, technical assistance and access to markets. Founded in 1996, it’s a joint initiative between World Relief Nicaragua and local farmers. PAC believes that increased agricultural production and improved technology can bring economic development to high poverty zones.
Some loans from PAC are disbursed in partial payments over a period of four to six months depending on the needs of the borrower. The borrower will not be charged interest on any funds that have not yet been disbursed. If the borrower decides not to use the entire loan amount, the unused portion will be returned to lenders in the form of a pre-payment.
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