Thanks to the first loan she received, Rosalía was able to buy fertilizers and other supplies for her nursery since part of her seedlings were sold. Part of the money was used to protect her crops from seasonal pests and diseases, such as leaf rust, which can spread quickly and cause damage. Her plans include strengthening her assets for her children’s future. They will be able to inherit the land that she is currently working.
This new loan is her second transaction. Once again she will buy supplies that will aid in the growth, protection, and development of her crops so that she can generate income for meeting her financial commitments. She will also be able to resolve a few problems from her previous harvest that could not be worked out with continued maintenance.
Once again, Rosalía waits for the support from various lenders through the Kiva platform. Having this financial support is very important for the development and growth of her crops and with helping her fulfill her goals, expectations, and dreams.
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!