Update on Hugo ErnestoHugo has had positive effects from using loans: his inventory is more diverse, he has more satisfied customers and his income has risen. On this occasion, he needs to buy detergents for floors, autos, bathrooms, etc. to offer customers.
His family situation continues to improve day to day thanks to his effort and his family size is unchanged; living conditions have improved for all of them.
Su condición familiar sigue mejorando día con día gracias a su esfuerzo, su familia se mantiene con los mismos miembros, las condiciones de vida han mejorado para todos.
Previous Loan DetailsHugo would like to invest more in his business. For this reason he has decided to request a loan, adjusted for his needs, so he can purchase different products to mix and make disinfectants for distribution. He needs products such as: propylene, glycol, arcopal EDTA, methyl, cellulose, and plas... More from Hugo Ernesto's previous loan »
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.
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