Recent Microloans With Field Partners
One of the ways in which Spartan Global extends microloans to entrepreneurs in the developing is through a direct lending process. You can learn more about the steps involved here. Lately, Spartan Global has been working with a nonprofit organization in Guatemala, As Green As It Gets, to facilitate the below loans.
Victory Catavi is a current client of As Green As It Gets, one of Spartan Global's longstanding field partners in Guatemala. To provide for his family, Victor has specialized in the coffee processing and roasting segments of the coffee industry in his local community. Victor's coffee history is atypical. As Green As It Gets usually only works with coffee farmers who have already planted to then train them on various milling and roasting methods. Seeing the potential opportunity in working with As Green As It Gets, Victor went ahead and planted his own coffee in order to join the program. Almost Immediately, Victor began to establish coffee sales. With the help of As Green As It Gets, Victor has been able to learn different coffee processing and roasting skills.
In October 2016, in collaboration with As Green As It Gets, Spartan Global was able to help Victor take his business to the next level. With backing from sponsors, Spartan Global facilitated a $600 loan to help Victor purchase a pulpero - a machine that helps crush coffee beans during the early stages of processing. This microloan will help Victor expand his coffee sales as the pulpero will allow Victor to process his coffee beans in new capacities.
Alberto & jonny Hernandez
Alberto Hernandez has been working with AGAIG since 2005 in coffee production. He has been a good steward of previous loans, and always shown both a 100% repayment rate as well as good profitability from his investments. Jonny is Alberto’s son, and he is also involved in coffee farming.
Unfortunately, this father-and-son farming team has encountered some tough times. Recently, their fields were hit by a fungal infection, and they need some working capital for the year. In June, 2017 facilitated a $1,378 through As Green As It Gets to support Jonny and Alberto. The loan will be used to replant the coffee died, as well as provide fungal sprays to prevent future infections. Moreover, Jonny and Alberto needs to purchase coffee from other farmers to keep up the sales of their existing business while fields.
Alberto and Johnny have asked for $689 each to help their businesses recover
Recent Loans With Kiva
The second way in which Spartan Global provides microloans is through an online lending platfrom called Kiva. You can learn more about how we work with Kiva here. In the 2016 - 2017 academic year, Spartan Global extended $1,225 worth in loans to over 70 entrepreneurs in 23 countries through Kiva alone. Featured below are some of our latest loans.
Harriet is a 47 year old woman from Kyenjojo, Uganda where she owns a retail shop. She also grows crops like maize, beans and Irish potatoes on a commercial basis which she sells in the local market. This has enabled her to look after her children and increase her household income. She is challenged by seasonal changes and limited capital.
She wants a loan to buy salt and sugar for reselling. Harriet is a member of Nikisoboka Group where members guarantee each other to get loans.
Spartan Global gave the Nikisoboka Group a loan of ########
####### PUT IN LOAN AMOUNT ####
Vilma is 63 years old and married with eleven children. She lives in Palawan, Philippines and earns her living rice farming. Vilma has been a rice farmer for five years and supplements her income from food vending. She works tirelessly to expand her business and increase her profitability. With eight other donors, Spartan Global funded a microloan of $550 through Kiva in March 2017 to help Vilma purchase packs of rice seed, fertilizers, and other farm supplies.
Dolores is 38-years old fisherman living in Sensuntepeque, El Salvador. He is married, and he and his wife have one son. Fishing is a common practice where Dolores lives because of the proximity to the river. Dolores gets to the market and the other places he sells his fish by vehicle with the other fisherman. He also farms so that he and his family can have staple grains to eat. In February of 2017, Spartan Global partnered with eight other sponsors to loan $300 to Dolores. With this money, Dolores will purchase more fishing nets in hopes of increasing his profit and his family’s well-being. This loan is special because Spartan Global is helping this rural farmers lift himself out of poverty.