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Hugo Rene

Update on Hugo Rene

Hugo has decided to get a loan because he believes that it helps him to improve his profits. With this loan he'll purchase medication so that he can continue to provide good service to his customers and increase his sales. He'll purchase antibiotics, vitamins and painkillers.
He believes the loans have been beneficial to his work, because his business is in better shape and his family's circumstances have been improving. His goal is to set up a store of his own.
View original language description ↓
Hugo, se decidió por un préstamo porque considera que son una ayuda para mejorar las ganancias, ya que a través de este aporte comprara medicamentos, para poder seguir brindando un buen servicio al cliente y crecer en ventas, comprara antibióticos, vitaminas, analgésicos.
Él considera que su trabajo con los prestamos ha sido de provecho, porque su negocio ha mejorado, las circunstancias en la familia han ido superándose, él tiene como meta instalar un local propio.

Previous Loan Details

Hugo requests a new loan to buy larger amounts of merchandise for his business; he will buy medicine both chemical and natural and vitamins all in various presentations like syrups, pills and injections, hoping to be well-received by customers so sales will increase. His previous loan had a… 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
  • 616
    View loans »
    El Salvador Loans Fundraising
  • $22,057,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Hugo Rene to purchase antibiotics, vitamins and painkillers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 18, 2013
This photo was used before for a previous loan for Hugo Rene. It was first posted on Kiva on Aug, 2012. Learn More