Reina’s Reinvestments
Reyna Gomez lives in Malguara, Intibucá. She has worked on inherited land from her father since she was little. With an agriculture loan from Adelante, she purchased products to make her twelve potato fields more productive. Reyna not only succeeded in doing that, she also invested profits and took an additional loan out with Adelante to purchase five cows. Reyna has hired a few neighbors and now has a thriving side business selling milk and dairy products. Although busy, she is excited to see the positive impacts on her family.
Adelante agriculture loans are our highest risk loans, there are often additional factors that are out of the control of the borrowers that can impact crop yields, income, and ability to repay such as the weather. In 2023 Adelante targeted potato farmers because we had learned about an intermediary crop company that was offering supposed low cost products, but lending farmers money at high interest rates to purchase. All women deserve financial inclusion and opportunities to start and grow business enterprises without becoming indebted to predatory lenders. When women and their families succeed, they are able to reinvest profits and experience greater health and well-being outcomes.