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Cruz Donald

Update on Cruz Donald

Cruz Donald is a 58 year old married man. He lives in the city of Sauce with his children and family. Sauce is located in the northern zone of the country, and is characterized by being a zone that produces milk and its derivatives. For a living, he has a bookstore located in his place of residence. He has done this trade for 10 years. Cruz Donald is a man that is characterized by being responsible, hardworking, and has demonstrated his responsibility of payment in prior loans which he has invested in his business. The objective of this credit is to invest in working capital and stock his library for the near future and improve income and be able to satisfy the demand of his customers. Cruz Donald's working schedule is to work some 10 hours daily attending to his customers at his post. He is very comfortable with his business which to date has been his livelihood and his family. Cruz Donal is grateful for the assistance that the Kiva lenders provide to people with limited resources in poor countries to have sources of decent work.
View original language description ↓
Cruz Donald es un hombre de 58 años de edad, casado, vive en la ciudad del Sauce, con sus hijos y familiares, el sauce está ubicado en la zona norte del país, y se caracteriza por ser una zona productora de leche y sus derivados. Él tiene por actividad económica una librería ubicado en su casa de habitación desde hace 10 años que se desempeña en dicha actividad. Cruz Donal es un hombre que se caracteriza por ser responsable, trabajador, y ha demostrado su responsabilidad de pago en los créditos anteriores los cuales los ha invertido en su negocio. El objetivo del crédito es invertir en capital de trabajo y surtir su librería para que un futuro cercano le genere mejores ingresos y poder satisfacer la demanda de sus clientes. La rutina de trabaja de Cruz Donal es trabajar unas 10 horas diarias atendiendo a sus clientes en su puesto de trabajo. Él se encuentra muy agusto con su negocio el cual hasta la fecha ha sido su medio de vida y de su familia. Cruz Donal agradece la ayuda que los inversionistas kiva les brindan a personas de escasos recursos de países pobre para tener fuentes de trabajo digno.

Previous Loan Details

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… 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 Nicaragua

  • $3,636
    Average annual income
  • 170
    View loans »
    Nicaragua Loans Fundraising
  • $23,230,825
    Funds lent in using Kiva
  • 24.0
    Nicaragua Cordobas (NIO) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped Cruz Donald to invest in working capital to stock his bookstore with the purchase of products like notebooks, pens, white-out, markers, glue, construction paper clips and folders.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Jan 2, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Cruz Donald. It was first posted on Kiva on Nov, 2011. Learn More