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Mayra

Update on Mayra

Mayra 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.
View original language description ↓
Doña Mayra se encuentra feliz, satisfecha y muy agradecida por el apoyo que se le ha brindado, su primer financiamiento fue invertido en el mantenimiento de sus cultivos de café, en la compra de 9 quintales de formula cafetalera,6 quintales de urea, 4 quintales de formula 12-24-12 y el pago del transporte de estos fertilizantes, los cuales son de ayuda para la protección y cuidado de sus cultivos, logrando así una excelente cosecha gracias al apoyo brindado, lo asistió adecuada y oportunamente, actualmente la socia Mayra está solicitando su segundo crédito el cual lo invertirá en la asistencia y mantenimiento del mismo, espera lograr una mayor producción y por ende mejores ingresos para poder brindarle a su familia una mejor calidad de vida.

Previous Loan Details

Mayra 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 »

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.

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.

About Honduras

  • $4,200
    Average annual income
  • 42
    View loans »
    Honduras Loans Fundraising
  • $7,986,350
    Funds lent in using Kiva
  • 19.2
    Honduras Lempiras (HNL) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $850 helped Mayra to buy agricultural inputs and maintain her coffee crops.
47% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 17, 2014
Listed
Apr 4, 2014
Currency Exchange Loss:
Possible