Augusta Tunne


Status: Paying Back

$950.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Augusta Tunne
Location: Boane, Maputo, Mozambique
Activity: General Store

About the Loan

Loan Amount: $950.00
Loan Use: Increased retail stock
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 26, 2009
Date Disbursed: Jun 16, 2009
Date Funded:Jun 28, 2009

About the Country

Country:Mozambique
Avg Annual Income:$1,389.00
Currency:Mozambique Meticais (MZN)
Exchange Rate:26.7500 MZN = 1 USD



Augusta is 56 years old, married and has four children between the ages of 19 and 29. She is originally from Inhambine, located on the central coast of Mozambique, but moved to Maputo in 1987 when her husband was transferred there for work.

Augusta graduated from high school and began her studies in economics at the university level, but was forced to leave after her second year in order to take care of her children. Since 1997 she has had a business selling used clothes, charcoal and beverages and currently employs two assistants. Her most popular products are soft drinks and beer, which she buys wholesale and sells at retail prices.

Augusta has previously taken out loans with the organization GTZ; this will be her first loan with Hluvuku, a Kiva partner. She intends to use this loan to increase her business' inventory to meet the demands of her clientele. In the near future, she would like to open a second point of sale for her business in order to increase profits. She currently is working out of a stall, but dreams of opening a store of her own.

Subscribe

Lenders to this entrepreneur

Valerie
Cheseaux,
Switzerland

Heal Our World Project
First Unitarian Church of Victoria, British Columbia
Canada

Marian
New Windsor, NY
United States

Project Shalom
Wellington, FL
United States

Anonymous
British Columbia
Canada

Caroline
Trier,
Germany

Donna and Tom
St. Cloud, FL
United States

Jan-Paul
Amsterdam,
Netherlands

Jean
Cloverdale, CA
United States

Jodi
Edmonton, Alberta
Canada

Ann
Ridgewood, NJ
United States

Julie
Remuera, Auckland
New Zealand

Chris
Portland, OR
United States

Henrik
New Orleans, La
United States

Elka
Raleigh, NC
United States

John
Etobicoke, Ontario
Canada

Erica
Minneapolis, MN
United States

Keith
Kansas City, KS
United States

Jon
Vancouver, BC
Canada

loretta
san francisco, CA
United States

Brian
Anchorage, AK
United States

Danielle
Boronia, Victoria
Australia

Timothy
Holland, MI
United States

Girish
San Francisco, CA
United States

Dolores
Huntersville, NC
United States

Howard
Park Forest, IL
United States

Dan
Richmond, CA
United States

Remarkable Innovation
Singapore, Singapore
Singapore

Kerri
Melbourne, Victoria
Australia

JT...
Perth, Western Australia
Australia



Top Lending Teams for this entrepreneur


Kiva Christians
Friends
3098 Members

Australia
Local Area
1494 Members

Comrades of Funk
Friends
6 Members

Ravelry.com
Common Interest
286 Members

Crazy Canucks
Local Area
713 Members

Journal entries for Augusta Tunne


Loan has been disbursed
 
Entrepreneur: Augusta Tunne
Location: Boane, Maputo, Mozambique

Thank you for your loan. It has been disbursed to Augusta Tunne by Hluvuku-Adsema in Mozambique. We are excited to watch this business grow. Over the 15 months of this loan, Hluvuku-Adsema will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Boane, Maputo, Mozambique
Jun 29, 2009
Comment on this entry

Kiva Help Repayment Schedule for Augusta Tunne

  Expected Repayments Actual Repayments Comments
September 2009 $46.86 $46.86 Repayment Received
October 2009 $48.81 $48.81 Repayment Received
November 2009 $50.85 $0.00 Repayment Received
December 2009 $52.96 $64.26  
January 2010 $55.17 Available Jan 1  
February 2010 $57.47 Available Feb 1  
March 2010 $59.86 Available Mar 1  
April 2010 $62.36 Available Apr 1  
May 2010 $64.96 Available May 1  
June 2010 $67.66 Available Jun 1  
July 2010 $70.48 Available Jul 1  
August 2010 $73.42 Available Aug 1  
September 2010 $76.48 Available Sep 1  
October 2010 $79.67 Available Oct 1  
November 2010 $82.99 Available Nov 1