Total loan: $9,775


San Juan Chivite, , Guatemala / Agriculture

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A loan helped to buy wet cacao from the smallholder farmers of the association.

Ademayach's story

Because cacao is a seasonal crop, the required capital to run a processing facility dramatically spikes at the beginning of the cocoa harvest season. At the end of the harvest season, farmer members of ADEMAYACH invest in the facility, or provide inputs for farmer members of the association, and then share any remaining profit equally.

Cacao Verapaz, the buyer of the cacao, offers working capital financing at the beginning of the season so that cacao can be purchased up front, and farmers can be paid on delivery. When the association sells to Cacao Verapaz, they repay the working capital loan. ADEMAYACH is excited to be bringing 10 additional certified organic farmers into their association, so they anticipate producing additional volume this year. Thus, they are asking for slightly more working capital financing.