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Tomas Paipe
Tomas Paipe S. was born in the city of Inhambane in the province of the same name in southern Mozambique. He is a widower and the father of three children, two of whom attend school. He attended school through the 6th grade, but had to leave school because his family no longer had the economic resources for him to continue. He lives in his own house with his family and isn't financially responsible for anyone else.
He left Inhambane for Boane in order to fulfill his compulsory military service, and later built his house there. He has retired from the military and receives a pension from the Ministry of the Defense in the amount of 4397 meticals, which he uses to cover household expenses. Occasionally he is able to save a little in his bank account.
He's never received loans from other banks. He learned about Hluvuku from friends who are also Hluvuku clients. This is his fourth loan, in the amount of 15,000 meticals, which he intends to use to purchase construction materials (sand, stone, cement, etc.) to continue improving his house. His previous loans were for 2500, 5000, and 15,000 meticals, which he also used on his dwelling.
He's committed to paying this loan off on time so that he'll be eligible for others in the future. He intends to request additional loans to finish his house.
View original language description ↓

Tomas paipe S. nasceu na cidade de Inhambane, Província de mesmo nome, sul de Moçambique viuvo pai de 3 filhos destes 2 vão a Escola. Fez 6ª classe não continuou porque não teve mais condições financeiras para ir mais avante. Vive na casa própria com a sua família e não sustenta mais ninguem.

Saiu de Inhambane para Boane comprimindo o serviço militar obrigatorio, mais tarde instalou sua residência. Ė desmobilizado militar e pensionista do Ministerio da Defesa e recebe 4.397.00mt por mês que aplica nas despesas de casa e as vezes consegue poupar uma parte na sua conta bancaria.

Nunca teve empréstimos em outros bancos, conheceu a Hluvuku através de amigos que saõ clientes desta instituição. Este é o seu quarto empréstimo na Hluvuku no valor de 15.000.00mt com o qual pretende comprar material de construção (arreia, pedra, cimento e outros) para continuar com o melhoramento da sua casa. Os emprestimos anteriores foram de 2.500.00mt, 5.000.00mt e 15.000.00mt para habitação.

Compromete se a pagar devidamente para poder aceder a outros créditos no futuro. Pretende solicitar novos empréstimos para concluir a sua casa.


Additional Information

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mozambique

  • $1,389
    Average annual income
  • 16
    View loans »
    Mozambique Loans Fundraising
  • $2,308,850
    Funds lent in using Kiva
  • 31.0
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Tomas Paipe to purchase construction materials (sand, stone, cement, etc.).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2011
Listed
Apr 23, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2012