Honduras

Pule Lenca

This Honduran farmers' cooperative produces quality coffee with Fair Trade and Organic certification. With this loan of €25,000 they can produce eco-friendly fertilizers that will increase their coffee production. This provides 35 farmers and their families with additional income and creates 5 jobs.

  • 5 new jobs
  • 35 people reached
Entrepreneur
€25,000
Amount needed
12 months
Maturity
Impact loan
100%
Fully funded in 36 days on 15 June 2022.
+ 74 other investors

Great coffee

Pule Lenca’s coffee is special. This Honduran farmers' cooperative grows its coffee with care for people and nature. Their high quality coffee is certified both as Fair Trade and organic. Worldwide, the demand for this is high, which offers opportunities for Pule Lenca. 

 

About the company

The cooperative was launched in 2008 under a different name. At the time, 36 coffee farmers united to collectively improve their coffee production, then be able to sell that coffee at a better price and thus improve their living conditions. In 2015, the current name was registered and the cooperative now has 71 members. 

 

Pule Lenca also wants to protect nature. Therefore, the member farmers grow their coffee in an environment friendly way, without using chemicals. The farmers then sell their yields at a good price to the cooperative, which processes the berries into coffee beans to sell. Because the company itself does not (yet) have an export license, they work together with 2 large exporters who sell the coffee on the international market, mainly the United States and Europe. Pule Lenca's coffee has several certifications, including UTZ, Fair Trade and Organic.

Pule Lenca not only buys the harvest of its members, but also provides them with technical advice in the sustainable cultivation of coffee. In response to the high market demand, Pule Lenca wants to increase their coffee production. By providing farmers with organic fertilizers and environment friendly pesticides, member farmers can increase their coffee production. The farmers are trained by the cooperative in sustainable techniques for organic farming, to ensure good quality of their coffee beans. This increases their income.  

 

Purpose of the loan 

With this loan of 25,000 Euros, Pule Lenca will be able to provide 35 farmers with organic fertilizers. These 100% natural fertilizers are produced by the cooperative in their own plant and, if applied well, increase the productivity of the coffee plants.

 

Impact 

Thanks to this loan, 35 farmers will receive additional organic fertilizers and pesticides, combined with technical advice and training in sustainable agriculture, which will increase their yields. This provides more income for these farmers and their families. This loan also creates 5 new temporary jobs.

 

COVID-19 update

While business activities continued to grow during the pandemic, the cooperative was hit by the virus when 1 of the member farmers died from Covid. They also suffered from a high number of infections during the harvest season, which reduced the manpower available for harvesting. Since then, 54% of the population in Honduras has been vaccinated and that percentage continues to increase, so any new outbreak of the virus will have less impact on the farmers.

 

Mission

Pule Lenca’s goal is to produce high-quality coffee and access local and international markets at fair prices, to create a better income for local communities with respect for their natural environment.

Website: https://cafesespecialespulelenca.estaenlanet.com/

Social media: https://www.facebook.com/cafelpulelenca/

 

Management team

The cooperative is managed by a team of 4 people, all experienced coffee growers with broad technical expertise: 

  • President is Marco Tulio, an agronomist engineer with over 20 years management experience, who has been producing coffee since 1990.
  • Vice president is Heydi Yanira Jiménez Rodríguez, who has a degree in Pedagogy and a background in education/training. She has been producing coffee for the past 7 years and coordinates women’s training programs.
  • Dra. Nidia Mileydy Vargas Laínez is secretary of the cooperative. She has a background in medicine as a General Practitioner and produces coffee since 2013.
  • Treasurer is Ramiro Argueta Montoya, an agronomist with expertise on natural resources experience in growing coffee since 2015.

In addition, Pule Lenca has an experienced team of 5 people with technical expertise responsible for the operations of the company.

 

Direct Loan

This is a direct loan to a company. It is advisable to be cautious about the amount of an investment in this project. Get information about the risks of an investment here

 

Available documents

Information document issuer (NL)

 

Company namePule Lenca
CEOMarco Tulio
Founded2008-01-01
LocationSan Jose, La Paz
SectorAgriculture
Turnover€1,734,276
Employees5

Impact of this project

  • With this investment 5 jobs are created
  • With this investment 35 people are reached

About the investment

TypeImpact
EntrepreneurPule Lenca
Funding target€25,000
Annual interest0.00%
Maturity12 months
Repayment period6 months
CurrencyEUR
Terms and conditionsShow

About Pule Lenca

Total assets€808,402
Revenue€1,734,276
Leverage ratio48.00%
Liquidity195.00%

About the risks

Read more about the Risks.

We have already contributed for Pule Lenca

Arjen Mulder
rits dijkstra
Jan van Munster
Jos Schreur
Bianca de Bree
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74
investors