Isabel Chongo


Status: Paid Back

$1,000.00   Loan Request
$1,000.00   Paid Back

About the Entrepreneur

Name: Isabel Chongo
Location: Boane, Maputo, Mozambique
Activity: General Store

About the Loan

Loan Amount: $1,000.00
Loan Use: To increase stock in her shop
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 23, 2007
Date Disbursed: Jul 7, 2007
Date Funded:Jun 23, 2007
Loan Ended:Jun 6, 2008

About the Country

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



Isabel Chongo is 34 years old. She was born in the Matola, province of Maputo. She was raised by her aunt. Her family’s financial situation allowed Isabel to study. She studied until the 2nd year of technical professional training in the area of chemistry. Isabel gave up her studies in 1989 because of a pregnancy.


Since 1990, Isabel has been providing for her family through the sale of food and apparel for retail businesses. She serves the area of Boane and Matola. Isabel has 2 children. She was introduced to HLUVUKU ADSEMA by a friend. There she requested her first loan.
Today her business is doing well. It provides employment for Isabel and one of her sons. With the income from the business Isabel provides for her family and pays for the schooling of her children.


With the loan of 25.000,00, Isabel plans to increase the stock in the shop.
Isabel’s work has a positive impact in her community because it provides employment and brings goods closer to the retail shops in the district of Boane and Matola.

Translated from Portuguese by Mariana Komatsuzaki Fraga, Kiva Volunteer.



LOCALIZAÇÃO : Matola Rio - Boane
CLIENTE: Isabel Chongo
SECTOR DE ACTIVIDADE : Comercio
VALOR DE EMPRESTIMO : 25.000,00MT (1,000.00US$)
APLICAÇÃO DO MONTANTE : Compra de produtos de primeira necessidade.
Inicio: 10/06/2007
Fim: 31/07/2008

Isabel Chongo de 34 anos de idade, natural de Matola , Provincia de Maputo, cresceu sob a responsabilidade da sua tia e a situação financeira da familia era razoavel, estudou ate 2 ano do ensino tecnico profissional no ramo da Quimica tendo desistido em 1989 por motivo de gravidez e apartir deste momento nao continuou mas com os estudos. Desde 1990 vem assumindo na integra a gestão de negocio da familia e possui um estabelecimento Comercial na sua casa e e fornecedora de produtos alimentares assim como vestuario para os revendedores de Boane assim como da Matola. Tem quatro (4) filhos. Por indicação da sua amiga teve conhecimento da existência da HLUVUKU ADSEMA tendo se aproximado e solicitado um emprestimo para ampliação do seu negocio.


Actualmente o seu negocio esta num ritmo razoavel e providencia emprego para ela propria e um dos filhos. com os rendimentos do negocio suporta os encargos familiares, incluindo despesas escolares de dois filhos.
Com o emprestimo de 25.000,00MT pretende comprar produtos para o aumentar stock na sua loja.


A sua actividade tem um impacto maior na comunidade porque para alem de providenciar emprego a ela e seu filho, coloca o produto mas perto da comunidade em particular destaque para todas os revendedores do Distrito de Boane assim como da Matola.


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Journal entries for Isabel Chongo


Loan has been disbursed
 
Entrepreneur: Isabel Chongo
Location: Boane, Maputo, Mozambique

Thank you for your loan. It has been disbursed to Isabel Chongo by Hluvuku-Adsema in Mozambique. We are excited to watch this business grow. Over the next 12 - 18 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 27, 2007
Comment on this entry

Update on Isabel Chongo's Kiva Loan!
 
Entrepreneur: Isabel Chongo
Location: Boane, Maputo, Mozambique

Alo from Matola, Mozambique,

Last week I meet with Isabel Chongo to discuss her Kiva loan. Isabel has been in business for the past 15 years. During that time period she has been involved in the buying and reselling of many products, primarily from South Africa. Isabel took out her most recent loan to help get through a rough patch. In 2007 she was treated with great haste by the customs officers on the South Africa – Mozambique border and had the majority of the products she had purchased to resell in Mozambique confiscated. This was not only demoralizing, but it was a tremendous shock to Isabel's normal business flow. With the loan Isabel was able to get back on her feet and get her operation going again.

She is currently selling her products from her front porch, but is looking to open another store front on land that she owns in Matola. She also sells products in bulk to her neighbors and sells stuff from the main road in Matola on an ad hoc basis.

Here is a short video of Isabel showing you some of the products that she sells.

Thanks for being part of Isabel'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
Aug 11, 2009
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Kiva Help Repayment Schedule for Isabel Chongo

  Expected Repayments Actual Repayments Comments
September 2007 $0.00 $84.00  
October 2007 $83.33 $84.00 Repayment Received
November 2007 $83.33 $84.00 Repayment Received
December 2007 $83.33 $84.00 Repayment Received
January 2008 $83.33 $84.00 Repayment Received
February 2008 $83.33 $84.00 Repayment Received
March 2008 $83.33 $84.00 Repayment Received
April 2008 $83.33 $84.00 Repayment Received
May 2008 $83.33 $84.00 Repayment Received
June 2008 $83.33 $84.00 Repayment Received
July 2008 $83.33 $84.00 Repayment Received
August 2008 $83.33 $76.00 Repayment Received
September 2008 $83.37 $0.00 Repayment Received