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Hugo Rene

Update on Hugo Rene

Hugo is applying for a new loan with the aim of stocking his business. He sells medicines for various illnesses, that help him and his customers. This is in order to serve the needs of the people who consult him, with more certainty.

He believes that the previous loan really helped him, and that the inventory of his business was much better.
View original language description ↓
Hugo, esta solicitando un nuevo préstamo con el fin de surtir el negocio de medicamentos para distintas enfermedades, que le ayuden a él y a los clientes, para tener mayor seguridad en la atención de las necesidades de quienes le consultan.
Él considera que el préstamo anterior le ayudo mucho, que su inventario en el negocio fue mucho mejor.

Previous Loan Details

Hugo works selling medicine. He lives with his wife and their two children. They have their own home. He started his business 11 years ago when he left his military career. He decided to start his business so that he could keep busy. He now needs a loan to purchase medicine such as antibiotics... More from Hugo Rene'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
  • 496
    View loans »
    El Salvador Loans Fundraising
  • $23,459,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Hugo Rene to buy medicines to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 11, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012
This photo was used before for a previous loan for Hugo Rene. It was first posted on Kiva on Aug, 2011. Learn More