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Alba Luz
Thanks for the help from the Kiva lenders, in cooperation with COMIXMUL, Alba used her first loan to buy farming supplies that she needed for her coffee crops. They needed urea which gave them a better color, foliage which allows them to better develop. She also bought a product called metalozato which prevented the harvest from freezing. Her life before this loan was very difficult because she had to borrow money from individuals at high interest rates and she had to put the harvest up as collateral and she received a low price for it. Everything changed because of these funds. Now Alba is asking for a second loan to buy coffee since she was able to repay the previous loan and she invested her profits to improve her crops that were affected by a blight and she needs to help them.
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Gracias al apoyo brindado por los inversionistas en la plataforma KIVA en alianza con la cooperativa COMIXMUL Doña Alba con su primer financiamiento compro los insumos agrícolas que sus cultivos de café necesitaban urea el cual ayudo a que el cultivo de café tenga mejor color y follaje, formula cafetalera esto es para que se desarrolle más y la producción sea mayor, también compro un producto que se llamado metalozato el cual sirvió a que el cultivo no le entre el hielo a la cosecha. Su vida antes de este financiamiento era muy dura porque tocaba sacar dinero prestado a personas particulares a altas tasas de interés había que comprometer la cosecha del cultivo de café la cual la pagaban a bajo precio y la ganancia era menos y todo eso cambio gracias al apoyo brindado con dichos fondos. Actualmente Doña Alba solicita un segundo financiamiento el cual invertirá siempre en el cultivo de café ya que con la cosecha que obtuvo cancelo el crédito anterior y las ganancias fueron invertidas en mejoras de sus cultivos y fueron pocas ya que una parte fue afectada por la roya por lo que necesita volver asistir sus cultivos de café.

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.

About Honduras

  • $4,800
    Average annual income
  • 84
    View loans »
    Honduras Loans Fundraising
  • $8,841,950
    Funds lent in using Kiva
  • 19.4
    Honduras Lempiras (HNL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,500 helped Alba Luz to buy supplies for her coffee crop.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 27, 2014
Listed
Mar 19, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015