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Alexander

Update on Alexander

Alexander is applying for a new loan because he needs more working capital to continue investing in his growing of basic staples. This will allow him to buy manure, herbicides, insecticides, pesticides and corn seed. The previous loan helped him to increase his income, and with this he bought a dairy cow.

His family group remains the same and are in very good health. Their financial situation and family circumstances have improved.
View original language description ↓
Alexander, solicita un nuevo préstamo porque requiere de más capital de trabajo para seguir invirtiendo en el cultivo de granos básicos; este le permitirá comprar abono, herbicidas, insecticidas, plaguicidas, semilla de maíz.
El crédito anterior le ayudo a aumentar los ingresos y ello adquirió una vaca lechera; se mantiene el mismo grupo familiar y se encuentran muy bien de salud, las condiciones económicas y las circunstancias familiares han mejorado.

Previous Loan Details

Alexander works growing basic grains and raising cattle. He lives with his wife and they have a one-and-a-half-year-old son. He does the agricultural work in order to have a source of employment and income for his family. He’s been working for himself for three years having learned from his… More from 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
  • 663
    View loans »
    El Salvador Loans Fundraising
  • $22,066,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Alexander to buy manure, herbicides, insecticides, pesticides and corn seed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 27, 2013
Listed
May 19, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Alexander. It was first posted on Kiva on Dec, 2012. Learn More