Antonio Jose Sitoe


Status: Paid Back

$800.00   Loan Request
$800.00   Paid Back

About the Entrepreneur

Name: Antonio Jose Sitoe
Location: Catembe, Maputo, Mozambique
Activity: General Store

About the Loan

Loan Amount: $800.00
Loan Use: To increase stocks in his shop
Repayment Term: 19 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 19, 2007
Date Disbursed: Oct 3, 2007
Date Funded:Sep 19, 2007
Loan Ended:Jun 6, 2008

About the Country

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



António José Sitoe is 24 years old. He was born in Catembe in September 24th in 1982. He lived with her mother and 8 brothers. He studied until the 5th grade. António moved to South Africa from 1999 to 2005 in search of a job.
He returned to Moçambique in 2005. Since it was difficult to find jobs in the city, he rented a small stand to sell groceries.
He was introduced to Hluvuku by her sister. Her first loan was of 15.000 MT which he repaid.


With the loan of 20.000mt António plans on diversifying and increasing his inventory.
His business has a positive impact in the community because it brings the product conveniently closed to the community.
In the future António plans on opening his own store.


Translated from Portuguese by Mariana Fraga, Kiva Volunteer.



Localização: Bairro Chamissava - Catembe
Cliente: António José Sitoe
Actividade:Comércio
Valor de empréstimo: 20.000,00 MT (800.00US$)
Aplicacao: Compra de produtos de 1ª necessidade
Início: 27/08/07
Fim: 14/12/08

António José Sitoe, de 24 anos de idade, nasceu na catembe aos 24 de Setembro de 1982, sempre viveu com a mae e seus 8 irmaos, estudava e concluiu a 5ª classe e posteriormente de 1999 á 2005 foi a África do Sul a procura de emprego como forma de ajudar a família e trabalhava como operário numa fábrica de sofás.

Teve contacto com crédito na África do Sul quando um banco Sul africano o contacta para aceder a esses serviços financeiros para compra de Bens de Consumo.

Retorna em Mocambique em 2005 e como era difícil arranjar emprego na Cidade, aluga um pequeno estabelecimento comercial para venda de diversos produtos alimentícios.

Teve conhecimento da Hluvuku através da irmã e o 1º crédito de 15.000 MT pagou-o sem problemas.

Com o crédito de 20.000 MT pretende apetrechar e diversificar produtos de mercearia como forma de atrair e oferecer alternativa aos clientes.

Ele e o irmão mais novo é que trabalham na barraca.

O empreendimento tem impacto na comunidade como alternativa para compra de vários produtos, também aos fins de semana é local preferido para lazer devido ao tipo de serviços fornecidos e a reduzida distancia da comunidade utente.

Futuramente pretende ter sua merecearia construída com material convencional e se possível ter viatura para transporte de mercadoria por forma a vender produtos a grosso.


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Lenders to this entrepreneur

Syner-es
S.A. Benageber-Valencia, España
Spain

BMIGaming.Com
Boca Raton, FL
United States

Robert
Calgary, Alberta
Canada

Kay
Columbia, MD KivaFriends.org
United States

Heather
St. James, NY
United States

PAT
PHOENIX, AZ
United States

Kevin
Medford, MA
United States

Rebecca
lexington, MA
United States

Rebecca
New York, NY
United States

Dinar Phatak
Fremont, CA
United States

Sarah and Mark
Williamsburg, MA
United States

Scott, Caroline, Amos
Winchester, MA
United States

Doug
Bangor, PA
United States

Scott & Chérie
Fairbanks, AK
United States

Naveen
North Chelmsford, MA
United States

Arno
Columbia, SC
United States

luc
new york, NY
United States

Michele
San Ramon, CA
United States

Catherine
Parksville, British Columbia
Canada

Steve Z
El Cerrito, CA
United States

janet
Portland, OR
United States

Christophe
MIAMI, FL
United States

Kirby
Santa Rosa, CA
United States

Matthew
Tempe, AZ
United States

Kuns Family
Glendale, CA
United States

Bravo Family
Gardena, CA
United States

Alex
Oceano, CA
United States



Journal entries for Antonio Jose Sitoe


Loan has been disbursed
 
Entrepreneur: Antonio Jose Sitoe
Location: Catembe, Maputo, Mozambique

Thank you for your loan. It has been disbursed to Antonio Jose Sitoe by Hluvuku-Adsema in Mozambique. We are excited to watch this business grow. Over the next 16 - 22 months, Hluvuku-Adsema will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Bernardo Luis Tembe from Catembe, Maputo, Mozambique
Sep 25, 2007
Comment on this entry

Business is doing just great!!
 
Entrepreneur: Antonio Jose Sitoe
Location: Catembe, Maputo, Mozambique

Antonio is doing well. Antonio used his first Kiva loan to buy merchandize to increase his grocery store’s inventory.

Since 2005 Antonio has a grocery store in a distant neighborhood of Catembe, a fishing village 10min-ferryboat away from the capital city Maputo. Antonio sells mainly food, basic needs’ products and drinks. Bears, soft drinks and wines are his most popular products. Antonio buys the box of bear for MTn 230 and sells each for MTn 25 or the box for MTn 300. Soft drinks in cans Antonio buys the box for MTn 150 and sells each for MTn 10 or the box for MTn 240. Antonio sells between MTn 2,000 and MTn 3,500 per day, depending on the weather and if it is the end of the month (when everyone is paid and has money to spend). Antonio’s brother works daily at the store and receives a monthly salary of MTn 1,000. According to Antonio, the business main difficulty is the clients that make debts, promising to pay by the end of the month and don’t.

This was Antonio’s second loan with Hluvuku and he is very pleased with the results. Antonio noticed that after the loans he was able to raise his monthly savings to up to MTn 3,000 per month, helping him improve his house and his family’s quality of life. Antonio is waiting to receive all the payments for the month this week and intends to make a final big payment to end this loan. He would like to close this loan so that he can ask for a new one and again buy more products for his store.

In the future Antonio would like to build a proper store (with bricks and so on) located in the commercial centre of Catembe.


Posted by Beatriz Mauro from Catembe, Maputo, Mozambique
May 28, 2008
Comments (1)

Kiva Help Repayment Schedule for Antonio Jose Sitoe

  Expected Repayments Actual Repayments Comments
December 2007 $0.00 $50.00  
January 2008 $50.00 $50.00 Repayment Received
February 2008 $50.00 $50.00 Repayment Received
March 2008 $50.00 $50.00 Repayment Received
April 2008 $50.00 $50.00 Repayment Received
May 2008 $50.00 $50.00 Repayment Received
June 2008 $50.00 $50.00 Repayment Received
July 2008 $50.00 $50.00 Repayment Received
August 2008 $50.00 $400.00 Repayment Received
September 2008 $50.00 $0.00 Repayment Received
October 2008 $50.00 $0.00 Repayment Received
November 2008 $50.00 $0.00 Repayment Received
December 2008 $50.00 $0.00 Repayment Received
January 2009 $50.00 $0.00 Repayment Received
February 2009 $50.00 $0.00 Repayment Received
March 2009 $50.00 $0.00 Repayment Received
April 2009 $50.00 $0.00 Repayment Received