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02/14

Crometal
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Project with Crometal
Loan for a purchase of sheet to be able to continue with production without interruption despite the delay in the receipts. The cooperative has a two week delay in payments because they had a series of problems in the paint sector due to the flooding. This caused some problems with the production as a whole.
Crometal is a recovered cooperative engaged in the production of industrial shelving and scaffolding. Since we started working with them their production has increased sharply, the number of workers has doubled and their competitiveness has improved as well. Over the 10 loans given, La Base and Crometal established a close relationship and a lot of trust. Thanks to this trust we were able to prove that the heavy rains in february have caused a lot of technical problems in the paint sector and formed a bottleneck for two weeks. After restarting the production they noticed that the delay in delivery has also caused delay of payments while the orders continued to enter. Due to the lack of capital to buy all the input materials they asked La Base for help.
NameCrometal
Signing DateMarch 14, 2008
Loan AmountAR$24,722
Repayment Schedule
Paid
2008-04-17
Paid
2008-05-17



From Crometal on May 5:
Ahead
Se canceló el préstamo


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