Up until now, Máximo has faced difficulties in the post-harvest management of his coffee and does not have the necessary conditions to carry out this process. Therefore, he is requesting financing for investment that allows him to build a wet coffee processing plant for the appropriate management of his coffee. This will assure better quality as well as reduce losses during processing. Máximo is sure that with his work and effort he will achieve a good production, and with this funding he will be able to appropriately process his harvest to obtain greater yield.
More information about this loan
The loans are for medium sized farm owners who need to invest in farm assets, such as water filtration systems and bean drying equipment. Due to the larger nature of the loans, loan terms are longer than average Kiva loans, and can be up to seven years. Farmers working with PAC also receive technical assistance and commercialization services, as well as access to Fair Trade and organic certifications, and international market access.
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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