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Cruz Donald

Update on Cruz Donald

Cruz Donald is a vice-principal at a school. He requests the loan to buy supplies like cement, sand and drains to build a bathroom. He’s always been characterized by being a responsible man and father. He wants to do these home repairs because they are necessary for his family. This isn’t his first experience with loans and he feels happy to be getting this financing.
View original language description ↓
Cruz Donal se dedica a ser el sub director administrativo de un centro de enseñanzas. El solicita el crédito para la construcción de un sanitario, cemento, arena, con sumidero, el siempre se ha caracterizado por ser un hombre y padre responsable. Quiere realizar estas mejoras a su vivienda porque son necesarias para su familia, pues esta no es la primera experiencia que él tiene con créditos es por eso que se siente muy contento de obtener este financiamiento.

Previous Loan Details

Cruz Donald is 56 years old. He is a married man and together with his partner he has 5 grown-up children. His business is a bookstore. This is not the first time that he has requested a loan. His previous loans have been a great help to his business. He started his business with his own eff... More from Cruz Donald's previous loan »

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 130
    View loans »
    Nicaragua Loans Fundraising
  • $24,054,525
    Funds lent in using Kiva
  • 22.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Cruz Donald to buy cement and a toilet.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2011
Listed
Nov 5, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012