Check out some available loans that are similar to this one!
David
David
David “Mellizo” is an active 86 year old campesino, or subsistence farmer, living in the small town of Platanilla.

Originally from the Los Santos province of Panama, he was one of the first farmers to migrate out to the Darien province over thirty years ago when the area opened up to settlement. He is still married to his wife.

Like most campesinos, David grows corn, beans, rice and plantains, and now wants to expand plantain production. He will use the loan proceeds to buy the inputs needed for the project—seed stock, fertilizer, and fencing—and cover some of the planting and maintenance costs of the project.

With the proceeds from the project, David will invest in improving his home for his family.

Additional Information

More information about this loan

This loan is designed to help smallholder farmers or local communities generate short-term crop revenue while waiting for their tree plantations to reach maturity.  If the loan is for a smallholder farmer, it is an individual loan. If the loan is to a community, it benefits a geographic area of 250 to 1,000 people. This loan will be repaid using revenue from the sale of plantains. Profits will be shared equally between planting empowerment and borrower or borrower community.

Because Planting Empowerment is a relatively young organization that completed its first plantain harvest in August 2013, this loan may carry a higher level of risk than typical Kiva loans. Expected repayments to Kiva lenders are based on projected harvest revenues.

Important Information

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

Tags

About Panama

  • $20,300
    Average annual income
  • 0
    View loans »
    Panama Loans Fundraising
  • $130,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $6,000 helped David to pay foragricultural supplies and technical assistance for a plantain project.
0% repaid
Repayment Term
40 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Aug 25, 2014
Listed
Jul 23, 2014
Currency Exchange Loss:
N/A