Nailina Massingue


Status: Paying Back

$750.00   Loan Amount
47% repaid

About the Entrepreneur

Name: Nailina Massingue
Location: Boane, Maputo, Mozambique
Activity: Construction

About the Loan

Loan Amount: $750.00
Loan Use: To purchase construction materials for her home
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 26, 2009

About the Country

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



Nailina Massingue is originally from the town of Moamba. After the Mozambican civil war ended, she moved to Boane in 1994 in search of better living conditions and opportunities for her children. She supports her two children and sends money home to her mother in Moamba.


Nailina is a temporary employee at the administrative building in Boane, where she works as a janitor. This will be her fifth loan with Kiva partner, Hluvuku-Adsema; she has paid back the other four successfully. Nailina intends on using this loan to realize her dream of finalizing the construction of her home.


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Journal entries for Nailina Massingue


Loan has been disbursed
 
Entrepreneur: Nailina Massingue
Location: Boane, Maputo, Mozambique

Thank you for your loan. It has been disbursed to Nailina Massingue 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 27, 2009
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Update on Nailina Massingue's Kiva Loan!
 
Entrepreneur: Nailina Massingue
Location: Boane, Maputo, Mozambique

Nailina is a single mother responsible with supporting 7 children. With her Kiva loan Nailina helped finance the construction of her home. The construction is almost complete and she is now looking to take out an additional loan to construct a small concrete wall around here home. In the future she would like to build a rental unit on her property to create an additional income stream.

Nailina is employed as an administrative assistant for the state. She also owns a small store front from which she sells various goods. As you can see Nailina has quite the entrepreneurial spirit. She is also very proud of having raised all of her children. Nailina expects to continue to take out loans with Hluvuku to finance her many projects. She has been a great client at Hluvuku and has always made repayments on her loans in advance of their due date.

About housing in Mozambique: In rural Mozambique many people still do not live in proper homes. Years of civil war and economic shocks have inhibited residents from accessing capital and buying building materials for their homes. The last several years have been relatively prosperous and many residents are using microfinance as a means to commence construction of their home.

Thank you for being a part of Nailina's success!

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
Jul 21, 2009
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Kiva Help Repayment Schedule for Nailina Massingue

  Expected Repayments Actual Repayments Comments
September 2009 $33.91 $33.91 Repayment Received
October 2009 $35.32 $35.32 Repayment Received
November 2009 $36.79 $107.52 Repayment Received
December 2009 $38.33 $182.72 Repayment Received
January 2010 $39.92 Available Jan 1 Repayment Received
February 2010 $41.59 Available Feb 1 Repayment Received
March 2010 $43.32 Available Mar 1 Repayment Received
April 2010 $45.12 Available Apr 1 Repayment Received
May 2010 $47.01 Available May 1  
June 2010 $48.96 Available Jun 1  
July 2010 $51.00 Available Jul 1  
August 2010 $53.13 Available Aug 1  
September 2010 $55.34 Available Sep 1  
October 2010 $57.65 Available Oct 1  
November 2010 $60.05 Available Nov 1  
December 2010 $62.56 Available Dec 1