Update on Cruz AbsalonCruz 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.
Previous Loan DetailsCruz 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 »
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.
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Success!! The loan was 100% repaid