Thanks to the first loan her life improved, given that at the beginning she did not have the financial resources to be able to buy the supplies that she needed; and thanks to the trust that the cooperative put on her and taking her into account with such loan, she bought manure, foliar fertilizers, and fertilizers with which she gave maintenance and support to her coffee crops, managing to obtain excellent earnings from her crops and being able to catch up with her funding.
She is again asking to be backed with a second loan, which she will invest in being able to give support and maintenance to her coffee crops, because after harvesting the plants are left a bit battered and deteriorated, as well as cleaning of the same weeds, among other things.
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!