Total loan: $3,275
Lanquín, Alta Verapaz Department, Guatemala / Agriculture
Asoselnor's loan finished fundraising,
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A loan helped to buy wet cacao from the smallholder farmers of the association.
ASOSELNOR is a smallholder cacao farming association, located next to Laguna Lachua, a large pristine cenote lake. The communities around the lake are largely Maya Q´eqchi families who live off-grid and rely on production of cacao, honey, corn, cardamom and other crops for their livelihoods. ASOSELNOR was excited to have surpassed their cacao yield projections in 2019, and have reinvested some of their income into their facilities. For 2020, they have some capital remaining, but anticipate another high yield year. Thus, they are hoping to raise an additional, smaller sum of money to be able to keep cash flowing. It's critical for the association's relations with farmers to be able to pay when cacao is delivered, rather than having outstanding debt to farmers. By raising a working capital loan, they can keep money flowing before they are able to sell beans to Cacao Verapaz, their primary market. Pictured here is the fermentation center manager, who is turning cacao beans during the fermentation process.