A loan of $925 helped thomas would like to purchase a new motorbike for his small fleet of motorbike taxis.

Thomas's story

Thomas S. is a friendly 31-year old married father of three girls and one boy aged 5 - 13, and he is also the caretaker of his deceased bother’s two young children. He supports his family working long days driving a boda boda (motorbike taxi) throughout Kampala. His days usually begin at dawn and stretch well into the evening. Thomas owns four motorbikes. He drives one of them and rents the other three for a fixed daily rate. In Kampala’s highly competitive market with thousands of boda bodas, Thomas enjoys a steady business and has regular clients. He attributes this to keeping his vehicles clean and well-maintained, using drivers who are licensed, safe, polite and trustworthy and his requirement that they wear helmets. Thomas has been a boda boda driver for ten years.

Thomas used his savings and a small loan from Pearl Microfinance to purchase his first motorbike four years ago. He has been using loans regularly since to expand his fleet and pay for routine maintenance and repair costs. Now, Thomas plans to sell his oldest bike, using the proceeds coupled with this loan to purchase a new one. He figures this will increase his daily revenue from 7,000 UXG to 10,000 UGX.

Thomas depends upon his business profits to pay for his children’s school fees and provide basic meals and clothing for his family. He hopes to keep expanding his boda boda business until he has enough money saved to purchase a pickup truck for commercial hauling. He says this market has much less competition and will enable him to earn more profit.

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