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Crometal
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Project with Crometal
Crometal needs to have cash quickly to address a current issue. While they have some checks in the near term, changes in the black market imply a loss of some important commissions.That is why they asked La Base who can save the financial downturn almost without any costs.
Crometal is a recovered cooperative engaged in 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. With the 12 loans the cooperative and La Base have formed a close relationship with a lot of trust. That is why we decided to help them with short term loans to address specific financial issues. By doing so, the cooperative can catch up with cooperative salaries that were delayed and proceed with fewer problems. The cost for them and us is minimal. Specifically now there is a significant downturn in orders which caused a financial mismatch waiting to be resolved in short term or they might be forced to address some possible alternatives.
NameCrometal
Signing DateSeptember 5, 2008
Loan AmountAR$8,425
Repayment Schedule
Paid
2008-09-5



From Crometal on Sep 5:
On time
Pasaron a hacer el cambio de cheques tal como estaba previsto.


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