Matilde Santos Ngove


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Entrepreneur

Name: Matilde Santos Ngove
Location: Boane, Maputo, Mozambique
Activity: General Store

About the Loan

Loan Amount: $1,200.00
Loan Use: To increase stock in her shop
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 14, 2007
Date Disbursed: Jun 28, 2007
Date Funded:Jun 14, 2007
Loan Ended:Apr 8, 2008

About the Country

Country:Mozambique
Avg Annual Income:$1,389.00
Currency:United States Dollars (USD)



LOCATION: Marcone - Boane, Maputo, Mozambique

ENTREPRENEUR: Matilde Santos Ngove

BUSINESS ACTIVITY: Retail

LOAN AMOUNT: US$1,200.00

LOAN USE: To increase stock in her shop

START: 06/10/2007

END: 05/31/2008


Matilde Santos Ngovo, 49, native of Magude, Maputo Province, married civilly, was raised by her parents. Her family’s living conditions were decent, but they resided in the countryside where there was no school, so it was not possible for her to study. At age 17, she attended school in the village of Manhiça where she learned to read and write, and worked in the family garden plot and sold produce to help support her family.


In 1979, her husband started work at the Marcone radio station and was transferred to Boane where he built up a business and developed a commercial establishment.


In 2006, her neighbors told her about HLUVUKU ADSEMA, which she approached in order to request a loan.


Currently, her business is going well and provides jobs for 2 employees. With her business income she built a house and opened a bank account.


With a loan of US$1,200, she intends to increase her inventory.


Her business has a big impact in the community because in addition to employing 2 people (herself included), it brings merchandise conveniently close to the customer, in particular, the residents of Marcone.

Translated from Portuguese by Daniel Foster, Kiva Volunteer.








LOCALIZAÇÃO : Marcone - Boane
CLIENTE : Matilde Santos Ngove
SECTOR DE ACTIVIDADE : Comercio
VALOR DE EMPRESTIMO: 30.000,00MT (1,200.00US$)
APLICAÇÃO DO MONTANTE :Compra e venda de produtos
Inicio: 10/06/2007 Fim: 31/05/2008


Matilde Santos Ngovo, de 49 anos de idade, natural de Magude, Provincia de Maputo casada maritalmente, cresceu sob a responsabilidade dos seus Pais. As condições da familia eram favoraveis mas por estar a resedir fora da cidade onde não havia Escola nao foi possivel estudar. Aos 17 anos de idade foi ao lar na Vila da Manhiça onde veio a fazer a alfabetização e apendeu a ler e escrever e tambem fazia trabalhos na machamba e vendia alguns produtos da mesma para ajudar no sustento da familia.


Em 1979 o marido começou a trabalhar na Radio Marcone e foi transferido para Boane onde veio densevolver o seu negocio e construiu um estabelecimento comercial.


Em 2006 por indicação de vizinhos teve conhecimento da existencia da HLUVUKU ADSEMA, tendo aproximado e solicitado um emprestimo.


Actualmente o seu negocio esta num bom ritmo e providencia emprego a 2 pessoas, e, com o rendimento do negocio construiu uma casa e abriu uma conta bancaria.


Com o emprestimo de 30.000,00MT pretende aumentar o volume da mercadoria.


A sua actividade tem um impacto maior na comunidade porque para alem de providenciar emprego a 2 pessoas, incluindo ela proporia, coloca o produto mas perto do cliente, com particular destaque todos residentes de Marcone.


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Journal entries for Matilde Santos Ngove


Loan has been disbursed
 
Entrepreneur: Matilde Santos Ngove
Location: Boane, Maputo, Mozambique

Thank you for your loan. It has been disbursed to Matilde Santos Ngove by Hluvuku-Adsema in Mozambique. We are excited to watch this business grow. Over the next 12 - 15 months, Hluvuku-Adsema will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Bernardo Luis Tembe from Boane, Maputo, Mozambique
Jun 14, 2007
Comments (1)

Update on Matilde Santos Ngove's Kiva Business!
 
Entrepreneur: Matilde Santos Ngove
Location: Boane, Maputo, Mozambique

I met with Sra. Ngove at her home in the remote village of Marcone. She escorted me down the road to her storefront where she proudly shows me the variety of merchandise she now offers with thanks to the loan she received. In addition, she used part of the loan to purchase a refrigerator which was extremely important in order to sell cold drinks which garner great profit.

This stretch of road sees very few people passing through, so the bulk of her sales are to people within the local community. During these winter months she averages between five and ten customers a day during the week so, as the only employee, she keeps the store open only from 8am to 4pm. Fortunately, during the weekends and end of month (when people get paid) she sees more traffic and keeps the store open a bit longer. Matilde shares with me that beyond the staple goods of rice, flour, and sugar she makes most of her profit from the sales of cold refreshments including sodas, beers, and juices.

Because there are four other stores on this block, she needs to diversify her offerings to stay competitive. One thing she does that sets her apart is allowing people to use traditional savings guarantees to buy goods and pay her at the end of the month. Additionally, she has begun to offer a few cooked meals on the weekends, namely carne asada and rice dishes which are bringing in a decent profit.

Looking to the future as the warmer summer months approach, Matilde would like to take a new loan in order to build a larger enclosed patio so that her customers have a comfortable place to sit. Once that is completed, she'd like to buy a stove so that she can increase her cooked offerings and operate more like a restaurant which would be a unique offering in this area.


Posted by Shannon Gallagher from Boane, Maputo, Mozambique
Aug 10, 2007
Comment on this entry

Thank you for your loan!!
 
Entrepreneur: Matilde Santos Ngove
Location: Boane, Maputo, Mozambique

Matilde has successfully repaid her first Kiva loan! Matilde used the loan to increase her inventory and boost her shop’s sales.

Matilde sells food, drinks and basic needs products and with this loan was able to diversify the products offered to her clients and increase her monthly sales.

Matilde decided to finish paying this loan in advance so that she could request a new one to keep helping her business grow and her life improve. She would like to personally thank Kiva and especially all her lenders for the support given to her business.


Posted by Daniel Machava from Boane, Maputo, Mozambique
May 8, 2008
Comment on this entry

Kiva Help Repayment Schedule for Matilde Santos Ngove

  Expected Repayments Actual Repayments Comments
September 2007 $100.00 $100.00 Repayment Received
October 2007 $100.00 $100.00 Repayment Received
November 2007 $100.00 $100.00 Repayment Received
December 2007 $100.00 $100.00 Repayment Received
January 2008 $100.00 $100.00 Repayment Received
February 2008 $100.00 $100.00 Repayment Received
March 2008 $100.00 $100.00 Repayment Received
April 2008 $100.00 $100.00 Repayment Received
May 2008 $100.00 $100.00 Repayment Received
June 2008 $100.00 $300.00 Repayment Received
July 2008 $100.00 $0.00 Repayment Received
August 2008 $100.00 $0.00 Repayment Received