They only involve family members in the fieldwork, since they would like to grow little by little and retain the majority of their profits. They do not have sufficient earnings to pay for much hired labor. She is requesting economic support which she will use to buy fertilizers, like manure and liquid fertilizer, among others, that will allow them to take better care of their crops. On this occasion, she is also trying to schedule the payment of hired labor to clean and fertilize their property of about 4.3 acres.
She has a lot of faith that with this financing she will improve the service to her plantation and its maintenance, thus increasing her profits. Her goals are to be able to continue increasing her coffee crops, to diversify her income in order to not be dependent on one sole income like that of the coffee, and in this way, to also be able to continue supporting her children with their studies so that they can be successful and make progress with their goals, hopes and dreams.
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!