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Benjamin
Benjamin is an industrious farmer who emigrated to the Darien province of Panama when he was a boy. With his wife and four kids, Benjamin lives from the land, growing corn, rice, and beans for seasonal production, and subsistence crops like corn and rice to feed his family. He also breeds cattle on a small scale.

With prices for plantains rising in the area, Benjamin sees an opportunity to put three hectares of his land under plantain cultivation and increase his income. In partnership with Planting Empowerment, he will use the Kiva loan to purchase plantain seed stock, fertilizer, and other inputs, and help cover the labor costs of planting, maintaining, and harvesting the plantains.

Benjamin plans to use the proceeds from the plantain harvests as a supplement to his income. He sees the plan as a double benefit, first as a daily wage, and second, the profit sharing. If all goes well, he may be interested in a long-term timber project in the future on this same land, and again have an agricultural component to the project.

Additional Information

More information about this loan

This loan is designed to help smallholder farmers or local communities generate short-term crop revenue while waiting for their tree plantations to reach maturity.  If the loan is for a smallholder farmer, it is an individual loan. If the loan is to a community, it benefits a geographic area of 250 to 1,000 people. This loan will be repaid using revenue from the sale of plantains. Profits will be shared equally between planting empowerment and borrower or borrower community.

Because Planting Empowerment is a relatively young organization that completed its first plantain harvest in August 2013, this loan may carry a higher level of risk than typical Kiva loans. Expected repayments to Kiva lenders are based on projected harvest revenues.

Important Information

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

About Panama

  • Average annual income
  • 0
    View loans »
    Panama Loans Fundraising
  • $70,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $6,000 helped Benjamin to buy plantain seed stock, fertilizer, tools, and other inputs for a plantain project.
0% repaid
Repayment Term
41 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
May 30, 2014
Listed
May 5, 2014
Currency Exchange Loss:
N/A