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Moris Alexander

Update on Moris Alexander

Moris decided to request a new loan so that he can invest in the purchase of iron rods of various lengths for making doors and railings. He will also buy metal sheets, since these are essential materials that he also uses in his work.


The circumstances of his business have improved considerably. Over time, he has been able to acquire work from his customers.

View original language description ↓
Moris, se ha decidido por un nuevo préstamo, porque invertirá en la compra de hierro de varias medidas para la elaboración de puertas y balcones, tambien comprara Lamina, esto le ayudara a tener el material necesario para hacer su trabajo.

Sus circunstancias en el negocio, considera que han mejorado, en este tiempo ha logrado sacar su trabajo para los clientes.

Previous Loan Details

Moris lives with his family, his wife and two children. He has a workshop where he makes metallic structures and he also does masonry. He contracts personnel for some jobs and does others alone. He builds houses and makes balconies, doors and iron gates. Currently he is applying for a loan to ... More from Moris Alexander'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 El Salvador

  • $4,900
    Average annual income
  • 682
    View loans »
    El Salvador Loans Fundraising
  • $25,086,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Moris Alexander to buy iron rods and metal sheets for his workshop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 4, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 18, 2013
This photo was used before for a previous loan for Moris Alexander. It was first posted on Kiva on May, 2012. Learn More