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Cruz Absalon

Update on Cruz Absalon

Cruz is a hard-working "campesino" from La Concordia in Nicaragua. He tells us that Kiva loans have helped him grow his farming business and, in turn, better support his family. He used his last loan to plant tomatoes and cabbage. He was pleased with his yields, he says, and wants to plant more cabbage to meet the demand from his customers. He is applying for a loan to buy supplies--fertilizers, manure, gasoline to run his pumps--and pay for day laborers. He will plant 2 "manzanas" (not sure, but city-block-size plots, presumably) of cabbage. For the future, he wants to buy more land so that he can plant other vegetables. The investment will help him to provide his family with a better future.
View original language description ↓
Cruz, un sencillo, humilde pero muy trabajador campesino originario de La Concordia, municipio de Jinotega al norte de Estelí. Nos cuenta que sus experiencias con los créditos Kiva han sido de gran ayuda para su negocio y ha mejorado los ingresos para su familia. El anterior préstamo lo utilizo para sembrar tomates y repollo en poca cantidad, su producción fue muy buena aunque noto que le hizo falta sembrar un área mas de repollo que ha sido muy solicitado por sus clientes. Es por tal motivo que esta solicitando este crédito para comprar insumos,fertilizantes,abono, pago de mano de obra, gasolina para bomba de riego de siembra para cultivar 2 manzanas de repollo. Entre uno de sus proyectos esta comprar una área mas de terreno para sembrar hortalizas y seguir trabajando para brindarle un mejor futuro a su familia

Previous Loan Details

Cruz is 30 years old, married, and he has 3 children. He is originally from the municipality of Jinotega in Concordia. He is an agriculturist. Cruz said that thanks to his first loan he was able to have a good onion harvest. He was able to buy the onion seeds, to hire help, and to pay for fuel... More from Cruz Absalon's previous loan »

Additional Information

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 Nicaragua

  • $4,800
    Average annual income
  • 77
    View loans »
    Nicaragua Loans Fundraising
  • $25,406,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Cruz Absalon to buy supplies for his farming business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jan 31, 2012
Mar 4, 2012
Currency Exchange Loss:
Jul 15, 2012