In her recent semesters, the production was not very good. Nevertheless, she was always up to date with her payments, avoiding having extreme debt and losing credibility in what she does. She sold the product at a very good price, one part so that she could fulfill her payment commitment, maintaining one part hoping that the price would improve to obtain better profits.
She asks to be supported again by the investors on the Kiva platform with a second loan. She will use it to be able to continue working and buy more products and supplies again to be able to grow new potatoes and be able to plant a higher quantity.
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!