Update on MayraMayra is happy satisfied and grateful for the support she has been given. Her first loan was invested in the upkeep of her coffee crops buying 13 quintals of two types of fertilizer, 6 quintals of urea, and to pay to transport the fertilizers. They helped her care for and protect her crops resulting in an excellent harvest. Thanks to the support provided she could assist her crops properly.
Now Mayra is requesting a second loan which she will invest in the care and protection of her crops. She hopes to have greater production and in the end more profits to be able to provide her family with a better quality of living.
Previous Loan DetailsMayra is a 37-year-old woman in a common-law marriage. She is the mother of four children, the oldest of whom is in high school, with the next one in middle school, and the youngest ones in primary school. She and her partner grow coffee for a living on land they are thankful to God to own after… More from Mayra's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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This loan has been fully funded!