Update on Hugo ErnestoHugo 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 plastic containers for bottling and sale. He believes that working with loans helps him to improve his income by increasing the amount of materials he has for production of the disinfectants. He has more customers now. His family conditions have improved along with his finances.
El considera que trabajar con préstamos le ayuda a mejorar sus ingresos, a incrementar los materiales para la producción de los desinfectantes, hoy en día cuenta con más clientes. Sus condiciones en la familia han mejorado, junto a la economía.
Previous Loan DetailsHugo is seeking a loan to buy products necessary to make disinfectants. These include propylene, glycol, methyl and other chemicals. He reports that with his previous investment he was able to increase his inventory and make a good quantity of cleaning products. In turn he has been able to p... 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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Success!! The loan was 100% repaid