He wants to purchase the necessary supplies for his crops such as compost, fertilizers, seeds, etc... However, since he does not have the necessary funds for this investment, he has decided to request a loan because it is the only way for him to continue his farming. Like all other farmers, he places his trust in agriculture as he possesses no other source of income, and he hopes to overcome and do the best he can with his crops. He hopes to have an abundant harvest which will allow him to continue to put food on the table and repay his loan.
More information about this loan
This loan is part of Apoyo Integral's program to help subsistence farmers located in high-risk regions of El Salvador, including coastal strips, river banks, and volcano fault lines. The program, which offers reduced interest rates, targets farmers who don't qualify for formal funding due to their low-income and geographical risk. By funding this loan, you are helping Apoyo and a local non-governmental organization extend risk-tolerant credit to even more farmers.
About Apoyo IntegralApoyo Integral (Apoyo) is a nonprofit organization offering financial products that enable clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural business and more. The organization’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
Like Kiva, Apoyo is committed to empowering women involved in business activities in rural areas. Kiva lenders’ funds will be used to expand these services to an even greater number of poor clients in rural areas.
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Success!! The loan was 100% repaid