Rosalina is currently requesting a new loan to continue investing in her parcels, which are five ‘manzanas’ [a manzana is a land measurement unit equivalent to 7000 square meters or 1.728 acres] of coffee. This field of work is the best and only source of income for her family’s and her household’s well-being.
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!