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Maria Santos
María is very happy to have bought, with her first loan, farm supplies for her potato crops. The harvest was plentiful and she managed to get a very good price out of it. Not only was she able to easily repay her loan, she also invested the rest in her farm. She is very grateful for the help received, which enabled her to increase production, and thanks Kiva lenders for the improvement to her standard of living that was brought about by the expected higher income she derived from her crops. This motivated her to ask for a second loan in oder to buy farm supplies for the coming harvest, and especially to prevent a potato psyllid plague. She hopes for support on this occasion and dreams of reaping a good harvest again.
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Doña Maria se encuentra muy feliz ya que con su primera solicitud de crédito ella pudo comprar los insumos para sus cultivos de papa con la que obtuvo una excelente producción la cual vendió a muy buen precio y pudo salir con su compromiso de crédito. Las ganancias fueron muy buenas y re invirtió en sus cultivos una parte y la otra fue destinada para poder salir de su compromiso de pago estando muy agradecida por tal apoyo. Su negocio tuvo un cambio porque mejoro su producción gracias al apoyo financiero brindado por los diferentes inversionistas en KIVA como también su calidad de vida ya que los ingresos obtenidos eran los esperados. Por lo que en esta segunda ocasión ha decidido solicitar un segundo crédito con el cual pueda asistir nuevamente la papa ya cultivada y el mantenimiento de la propiedad la cual es necesaria antes de que se vea afectada por la paratrioza esperando pueda ser apoyada en esta nueva ocasión y salir adelante con su negocio.

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
  • 34
    View loans »
    Honduras Loans Fundraising
  • $7,982,500
    Funds lent in using Kiva
  • 21.0
    Honduras Lempiras (HNL) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,050 helped Maria Santos to buy farm supplies for her potato crops.
34% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 17, 2014
Listed
Jul 30, 2014
Currency Exchange Loss:
Possible