Update on Cruz AbsalonMr. Cruz is a humble man from Jinotega. He is a Kiva borrower and is very grateful for his second loan because it helped him pay for the production costs of his cabbage crop. He used his second loan to buy supplies such as compost and fertilizer and pay for farm labor so that he could increase his harvest. He is asking for a third loan so that he can buy fertilizer, compost, urea, and pay for labor. He wants to get a better return on his harvest so that he can sell it at a good price and increase his earnings. His plans for the future are to improve the infrastructure of his home.
Previous Loan DetailsCruz 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… 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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