She is grateful for the support provided by the Kiva lenders and the COMIXMUL cooperative. Thanks to the financial help, her crops were not lost. Thanks to her first loan, she managed to buy seven ‘quintales’ [a quintal is 100 pounds] of fertilizer, 15 sack of nitrate fertilizer, and pay for the labor to be able to take care of her crop a little faster.
Jessica is currently requesting a second loan. She will use the loan to once again buy agricultural supplies. They will help to provide protection to her crops again. After the cutting, they were left a little battered. She is once again hoping to be supported with a loan in order to be able to be less troubled because the supplies are needed in the coming season.
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!