Teresa Tivane Chauque


Status: Paying Back

$400.00   Loan Amount
19% repaid

About the Entrepreneur

Name: Teresa Tivane Chauque
Location: Boane, Maputo, Mozambique
Activity: General Store

About the Loan

Loan Amount: $400.00
Loan Use: To increase her inventory
Repayment Term: 18 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 22, 2009
Date Disbursed: Jul 13, 2009
Date Funded:Jul 22, 2009

About the Country

Country:Mozambique
Avg Annual Income:$1,389.00
Currency:Mozambique Meticais (MZN)
Exchange Rate:26.6250 MZN = 1 USD



Teresa Tivane Chauque is 48 years old and is a native of Guija in Gaza province. She moved from Guija to Boane with her parents when she was a child.

Teresa works in the Boane central market mainly selling produce, her best selling products being onions and potatoes. She is able to buy a sack of potatoes for MT 70 and sell them for MT 110 and buy a sack of onions for MT 80 and sell them for MT 140. She has been working in the market for the past twenty years and originally learned her trade in Swaziland.

Teresa is requesting this loan to help further diversify her products to satisfy customer demand. This will be her second loan with Hluvuku. Her first loan was for MT 10,000. Teresa earns around MT 10,000 a month and is able to set aside money each month in a savings account at the BIM bank.

Teresa studied through the ninth grade but was forced to stop due to pregnancy and the necessity to properly raise her child. She is married to a mechanic and is the mother of four children aged 18, 22, 24 and 26. She also supports two nieces and her mother, to whom she sends remittance payments.


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Journal entries for Teresa Tivane Chauque


Loan has been disbursed
 
Entrepreneur: Teresa Tivane Chauque
Location: Boane, Maputo, Mozambique

Thank you for your loan. It has been disbursed to Teresa Tivane Chauque 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
Jul 23, 2009
Comment on this entry

Kiva Help Repayment Schedule for Teresa Tivane Chauque

  Expected Repayments Actual Repayments Comments
October 2009 $17.58 $17.58 Repayment Received
November 2009 $18.37 $12.34 Repayment Received
December 2009 $19.20 $47.61 Repayment Received
January 2010 $20.07 Available Jan 1 Repayment Received
February 2010 $20.98 Available Feb 1  
March 2010 $21.92 Available Mar 1  
April 2010 $22.92 Available Apr 1  
May 2010 $23.95 Available May 1  
June 2010 $25.04 Available Jun 1  
July 2010 $26.17 Available Jul 1  
August 2010 $27.35 Available Aug 1  
September 2010 $28.58 Available Sep 1  
October 2010 $29.88 Available Oct 1  
November 2010 $31.23 Available Nov 1  
December 2010 $32.64 Available Dec 1  
January 2011 $34.12 Available Jan 1