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Thomas

Update on Thomas

Thomas is a 46-year-old hardworking man who has six children. He lives in Kamwenge, Uganda. He used his previous loan to buy soap, sugar and other items for his shop. Thomas has fulfilled his personal goals of educating his children and has built a permanent home.Though Thomas has a main hardship of competition, he has hopes of owning a wholesale shop in the near future. He intends to use the loan to buy soap, sugar, salt, crates of sodas and beers for the festive season to sell.

Previous Loan Details

Thomas is a forty five year old hardworking man who has six children. He lives in Kamwenge, Uganda. He has personal goals of educating his children and building a permanent home. He is currently living in a house made out of reeds. Thomas operates a retail shop. He started with 500,000 shilli... More from Thomas'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.

Tags

About Uganda

  • $1,500
    Average annual income
  • 359
    View loans »
    Uganda Loans Fundraising
  • $30,339,150
    Funds lent in using Kiva
  • 2,494.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Thomas to buy soap, sugar, salt, crates of sodas and beers for the festive season to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2013
Listed
Dec 22, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Thomas. It was first posted on Kiva on Sep, 2012. Learn More