Edita states that she and her family did not know about said institution. The area where she lives is removed from the city. Thanks to the team that works at the institution, and through the promotion of their products, benefits, and other things in the area, she was able to affiliate with them. She was able to put aside her worries about getting her first loan, to get an interest rate that is very comfortable, flexible payments, and other features that make it unique as an institution that supports women.
Therefore, she is requesting her second loan in order to be able to continue investing in her coffee crops. During this new season she has a lot of goals and great hopes that her harvest will be better. These are to continue expanding her coffee crops, to build a basin to wash the grain once it is gathered, and metal sheeting for drying in the sun in order to get good earnings by selling them as golden grains.
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!