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Tarsisio

Update on Tarsisio

Tarsisio used the previous loan to buy materials for making baskets. With the income generated, he was able to pay school fees for his children and also provide other basics to the family. He has been dealing in the basket-making business for the last 11 years. His major hardships are high fuel and transportation costs and inadequate capital to meet the high demand. Tarsisio intends to use the loan to pay school fees and buy more materials for his business.

Previous Loan Details

Tarsisio is a 43-year-old married father of five children, and he owns a house in Kasese, Uganda. Being a basket-maker for 10 years has enabled him to pay for his children's school fees. Tarsisio's hardship is a lack of sufficient capital, but he dreams of setting up a crafts' centre and educati... More from Tarsisio's previous loan »

Additional Information

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.

About Uganda

  • $1,500
    Average annual income
  • 256
    View loans »
    Uganda Loans Fundraising
  • $29,237,175
    Funds lent in using Kiva
  • 2,310.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Tarsisio to pay school fees and buy more materials for his business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2012
Listed
Feb 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 27, 2013
This photo was used before for a previous loan for Tarsisio. It was first posted on Kiva on Jun, 2011. Learn More