Ángela has been growing coffee for several years. She has a property that she and her husband go to and work. This is because this business activity is their primary source of income. She has devoted the greatest part of her life to this line of work ever since her father left her a piece of land where they grow coffee. The land is a few meters from her house, and the best sales are at the beginning of each year.
Ángela’s plans for the future are to expand her farm and to support her children in their education. She will do this so that someday she will be able to see them graduate. She plans to use part of the profits from the sale of her coffee to make improvements to her home. She will use the rest to expand her coffee farm so that she will have more income each season.
She is requesting a loan to buy fertilizer, compost, and leaf fertilizer and to pay for labor to clear the fields and fertilize her farm. With this loan her crops will improve because with each plant that is better cared for her harvest will increase. The profits that she gets will be greater, which will serve her to have a better quality of life.
Los planes que doña Ángela tiene a futuro es ampliar más su finca y apoyar a sus hijos en sus estudio para algún día pueda verlos graduados. Las ganancias que adquiera con la venta de su café ella piensa invertir una parte en hacer mejoras en su vivienda y lo demás lo utilizara para ampliar más su finca cafetalera para cada temporada tenga más ingresos. Ella solicita financiamiento el cual utilizara para la compra de fertilizantes, abonos, foliares y el pago de mano de obra para limpiar y abonar su finca. Con este financiamiento sus cultivos mejoraran porque con una planta mejor cuidada la cosecha incrementa y las ganancias que obtenga serán mayores las cuales le servirán para tener una mejor calidad de vida.
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!