Leonilde Da Graces


Status: Paying Back

$450.00   Loan Amount
21% repaid

About the Entrepreneur

Name: Leonilde Da Graces
Location: Boane, Maputo, Mozambique
Activity: General Store

About the Loan

Loan Amount: $450.00
Loan Use: adding to her inventory
Repayment Term: 18 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 26, 2009
Date Disbursed: Jun 15, 2009
Date Funded:Jun 27, 2009

About the Country

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



Leonilde Da Graces, 54, is originally from Chidenguela, but currently resides in Boane. She is divorced and is the mother of three children aged 25, 29, and 31. She is also responsible for two nephews who live with her.



Leonilde runs a small store that sells various products. She has one employee. Her best selling products are fish and crackers. With this loan she hopes to be able to introduce new products to her store. This will be Leonilde's first loan with Hluvuku. She is interested in taking out further loans in the future to help remodel her home.


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Reunion



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Journal entries for Leonilde Da Graces


Loan has been disbursed
 
Entrepreneur: Leonilde Da Graces
Location: Boane, Maputo, Mozambique

Thank you for your loan. It has been disbursed to Leonilde Da Graces by Hluvuku-Adsema in Mozambique. We are excited to watch this business grow. Over the 16 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 28, 2009
Comment on this entry

update on Leonilde Da Graces' Kiva Loan!
 
Entrepreneur: Leonilde Da Graces
Location: Boane, Maputo, Mozambique

Last week I had the great pleasure of meeting with Leonilde da Graces to discuss her kiva loan. Leonilde took out the loan to help finance the start up costs of a small shop that serves essentially as a general store. This was a very big ordeal for Leonilde as running this store will be her primary source of income after she retires from teaching in the fall. Right now she has one employee that works at the store. Leonilde has been teaching at a local elementary school for the past 35 years. That's right, 35 years! WOW!

Her home and her store are directly across the street from the school where she currently teaches. In the future she would like to sell snacks and school supplies to her ex-pupils. After looking around her store and home Isabel took me over to her school. To my surprise the 50+ fifth graders were queued up, ready to sing for me. They sang a song in Ronga, one of the many indigenous languages in Mozambique. Fortunately I was able to record their performance, and here it is for you viewing pleasure!

To learn more about microfinance in Mozambique visit the Kiva Fellows blog here

Be one of the first people to join the newly created Hluvuku-Adsema lending team here

To learn more about Hluvuku-Adsema visit there Kiva partner page here.


Posted by Cameron Morris from Boane, Maputo, Mozambique
Aug 11, 2009
Comments (1)

Kiva Help Repayment Schedule for Leonilde Da Graces

  Expected Repayments Actual Repayments Comments
September 2009 $20.35 $20.35 Repayment Received
October 2009 $21.19 $21.19 Repayment Received
November 2009 $22.08 $17.02 Repayment Received
December 2009 $23.00 $39.14 Repayment Received
January 2010 $23.95 Available Jan 1  
February 2010 $24.95 Available Feb 1  
March 2010 $25.99 Available Mar 1  
April 2010 $27.07 Available Apr 1  
May 2010 $28.20 Available May 1  
June 2010 $29.38 Available Jun 1  
July 2010 $30.60 Available Jul 1  
August 2010 $31.88 Available Aug 1  
September 2010 $33.21 Available Sep 1  
October 2010 $34.59 Available Oct 1  
November 2010 $36.03 Available Nov 1  
December 2010 $37.53 Available Dec 1