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Maria Otilia
Thanks to the support provided by Kiva in alliance with "COMIXMUL", María used her first loan to buy the farming supplies that her coffee crops needed. She bought urea, which gave the coffee a better colour and foliage; she bought fertilisers so that the plants would develop better and to have a higher yield; in addition María bought metalosate, a product which helps prevent ice from penetrating the harvest.

Before this loan, María's life was very difficult because she had to borrow money from private individuals at high interest rates. She had to offer the coffee harvest as a guarantor, and was paid a very small price for it. Profits were lower but this loan changed all of this.

María is now applying for a second loan to invest in her coffee crops. The harvest from her first loan allowed María to pay off her loan and her profits were invested in making improvements to her crops. Before she did not have a high yield and parts were rotting. María again needs to help her coffee crops to grow.
View original language description ↓
Gracias al apoyo brindado por los inversionistas en la plataforma KIVA en alianza con la cooperativa COMIXMUL Doña Maria con su primer financiamiento compro los insumos agrícolas que sus cultivos de café necesitaban urea el cual ayudo a que el cultivo de café tenga mejor color y follaje, formula cafetalera esto es para que se desarrolle más y la producción sea mayor, también compro un producto que se llamado metalozato el cual sirvió a que el cultivo no le entre el hielo a la cosecha. Su vida antes de este financiamiento era muy dura porque tocaba sacar dinero prestado a personas particulares a altas tasas de interés había que comprometer la cosecha del cultivo de café la cual la pagaban a bajo precio y la ganancia era menos y todo eso cambio gracias al apoyo brindado con dichos fondos. Actualmente Doña Maria solicita un segundo financiamiento el cual invertirá siempre en el cultivo de café ya que con la cosecha que obtuvo cancelo el crédito anterior y las ganancias fueron invertidas en mejoras de sus cultivos y fueron pocas ya que una parte fue afectada por la roya por lo que necesita volver asistir sus cultivos de café.

Additional Information

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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About Honduras

  • $4,200
    Average annual income
  • 37
    View loans »
    Honduras Loans Fundraising
  • $7,986,350
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,475 helped Maria Otilia to buy farming supplies to help her coffee crops.
0% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 28, 2014
Listed
Jun 13, 2014
Currency Exchange Loss:
Possible