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Cruz Absalon

Update on Cruz Absalon

Mr. 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.
View original language description ↓
Don Cruz un humilde señor originario de la concordia, Municipio de Jinotega, es cliente Kiva él está muy agradecido con su segundo crédito porque le ayudo a pagar los costó de producción de su siembra de repollo. Utilizo su segundo préstamo en la compra de insumos como abono, fertilizante, y poder pagar mano de obra de su siembra con el objetivo de incrementar sus cosechas. Es por esta razón que él está solicitando su tercer financiamiento para seguir invirtiendo en la compra de fertilizantes, abonos, ureas y pago mano de obra. Con el objetivo de obtener un mejor rendimiento de su cosecha para vender a un buen precio y obtener mejores ganancias, sus planes futuros es mejorar la infraestructura de su casa.

Previous Loan Details

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 mor... 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

  • $3,636
    Average annual income
  • 151
    View loans »
    Nicaragua Loans Fundraising
  • $24,072,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $850 helped Cruz Absalon to buy farming supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 23, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013