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Yessenia Marina
Yessenia is very happy with the support offered by the COMIXMUL cooperative in alliance with the KIVA investors. Thanks to her first loan, which was applied for last year at the end of September, she was able to meet her goal of fortifying the soil and the crops by buying fertilizer and more. It helped by playing a big part in being able to have an excellent corn harvest. She was able to sell her excellent corn harvest satisfactorily and keep another part for the future to keep expanding her crops for the new year. Today she is asking for another loan to plant and to buy some more certified corn seed so that she can obtain a bigger harvest in this upcoming season and sell the collected grain. She hopes to be helped again to be able to keep growing and cultivating with her business so she can get ahead and someday have her own capital so she won't have to depend on loans.
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Yessenia se encuentra muy feliz por apoyo brindado por la cooperativa COMIXMUL en alianza con los inversionistas en KIVA, ya que gracias a su primer financiamiento el cual fue solicitado el año pasado a finales del mes de septiembre ella pudo cumplir su meta de fortalecer la tierra y cultivos mediante la compra de abono, fertilizantes, entre otros que ayudaron a ser parte de un gran desarrollo para poder sacar una excelente cosecha de maíz. Ella pudo obtener una excelente cosecha de maíz la cual pudo vender satisfactoriamente una parte de la misma dejando otra pequeña parte para la postrera y seguir ampliando sus cultivos para este nuevo año. Hoy en día solicita un segundo crédito con el cual sembrara la postrera y comprara otra cantidad de semilla certificada de maíz para también cultivarla por lo que ella podrá obtener una mayor cosecha en esta próxima temporada para poder vender el grano nuevamente recolectado. Ella espera que se le sea nuevamente apoyada para poder seguir cultivando y creciendo con su negocio para salir adelante y en algún momento formar un capital propio para no depender del financiamiento.

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.

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About Honduras

  • $4,200
    Average annual income
  • 27
    View loans »
    Honduras Loans Fundraising
  • $8,199,100
    Funds lent in using Kiva
  • 19.3
    Honduras Lempiras (HNL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $525 helped Yessenia Marina to buy materials and certified corn seeds so that she can plant them in the future.
0% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 11, 2014
Listed
Mar 22, 2014
Currency Exchange Loss:
Possible