Thanks to the purchase of supplies, she was able to get a profitable amount of carrots, which she sold at a very good price, getting a reasonable income, which allowed her to get out of her predicament. With the profit she made, she bought new seeds to start farming again as well as being able to buy fertilizer to help a small plot of land where she has planted onions and tomatoes to be able to generate a larger income from that crop at the end of the season.
Her first loan was very helpful for her to be able to meet her goals and continue working, in such a way that today she is asking for a second loan with which she will buy other supplies and she will be able to prepare more land and have it good and ready for the next four months.
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!