Joaquín combines his labors as a coffee farmer with his work at a coffee processing plant and in order for this to be possible he hires day-laborers that are charged with helping him perform the tasks in the field. In this manner he also helps the family finances of the people he hires.
Joaquín's current annual production is 2.5 tons, but he knows that the land extension that he is expecting would be sufficient to allow him to produce up to 8 tons annually, therefore he has renewed many of his plants so that within 3 years he can reach his goal.
He needs to buy fertilizer, plants, and perform cleaning tasks and conservation of his plots of land, and for that he needs a loan. He wants to make his farms produce more so that in the future he can leave them to his children so that they can work on them.
More information about this loan
These loans help farmers swap out their old coffee plants that are no longer producing at capacity for new plants. New plants generally take three years to produce at capacity, temporarily reducing crop yield. Given that the renewal process can be lengthy, please note that this loan may have a long repayment term with a built-in grace period.
Important InformationLa Union Regional de Pequeños Productores de Cafe Huatusco (or, La Union Regional) is a member-owned, Fair Trade-certified coffee cooperative based in the state of Veracruz, Mexico. Kiva helps fund loans for La Union Regional’s members, allowing them to plant more crops and convert to more profitable organic farming methods. La Union Regional is backed by Fair Trade USA and Green Mountain Coffee Roasters, which retails members’ coffee.
This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.
Because La Union Regional’s core business is not microfinance, there is some level of additional risk for lenders. Kiva’s partnership with La Union Regional is unique and unprecedented. For this reason, Kiva has not assigned the organization a risk rating. More information can be found on La Union Regional’s partner page.
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Success!! The loan was 100% repaid