Sábado Samuel Massingue


Status: Paid Back

$1,050.00   Loan Request
$1,050.00   Paid Back

About the Entrepreneur

Name: Sábado Samuel Massingue
Location: Boane, Maputo, Mozambique
Activity: General Store

About the Loan

Loan Amount: $1,050.00
Loan Use: Buying and selling basic goods
Repayment Term: 18 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 1, 2009
Date Disbursed: Dec 9, 2008
Date Funded:Jan 2, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Mozambique
Avg Annual Income:$1,389.00
Currency:Mozambique Meticais (MZN)
Exchange Rate:25.2000 MZN = 1 USD



Sábado Samuel Massingue was born in the province of Gaza. He is 39 years old and the father of 8 children, who are all in school. Besides his children, he also supports his paternal grandparents by sending them food supplies.

Sábado studied until the 4th grade and then his parents made him stop because their zone only went until the 4th grade and to continue meant to leave the zone. So they prohibited him from continuing so that he would stay and take care of the cattle.

Sábado moved from Gaza province to Maputo when he got very sick and went to stay at a sister’s house. When he got better he was able to get a job with Mozambique railways, which ended when the company decided to reduce the number of employees. He was given severance pay and with that money he purchased a plot of land where he built his house and a small business raising chickens and selling basic goods. With this loan he intends to increase his stock. Sábado is able to earn a monthly income of 15,000.00 MT, but is still not able to save any money.

This is Sábado’s third loan through Hluvuku and his first with Kiva. His dream is to increase his business so that in the future he can open another establishment in a neighboring zone.


Translated from Portuguese by Jill Haring, Kiva Volunteer


Sábado Samuel Massingue é natural da província de Gaza, tem 39 anos de idade, pai de 8 filhos onde todos vão a escola. Para alem dos filhos sustenta os seus avos paternos enviando géneros alimentícios.

Sábado estudou até 4ªclasse e não continuou por que os pais não deixaram dado que na zona o nível ia até 4ª e para continuar era preciso sair da zona assim proibiram para que ficasse a cuidar do gado.

Mudou se da província de Gaza para Maputo quando ficou muito doente onde ficou numa casa da irmã e quando ficou bem conseguiu emprego nos caminhos de ferros de Moçambique, emprego que veio a terminar quando a empresa decidiu reduzir o pessoal e ele foi abrangido e pago indemnização e com este valor comprou talhão e construiu a sua casa e uma parte iniciou negócios, sendo um de criação de frangos e outro de venda de produtos da primeira necessidade este que com o empréstimo pretende aumentar a sua mercadoria. Consegue um rendimento mensal de 15000,00mt e ainda não faz poupanças.

Sábado solicita empréstimo pela terceira vez na Hluvuku e primeira no Kiva, onde sonha ampliar o seu negocio e futuramente pretende abrir outro estabelecimento numa zona vizinha.

Subscribe

Lenders to this entrepreneur

Marko
Borovnica, -
Slovenia

Anonymous

Mel
Adelaide, SA
Australia

Jim
Colorado Springs, Colorado
United States

Rose
Wolvi, Queensland
Australia

Gonçalo e Paulo
Lisboa,
Portugal

Kevin
Vancouver, British Columbia
Canada

Sharmini
Glenfield, New South Wales
Australia

Andreas
Sydney, New South Wales
Australia

Vinay
Sunnyvale, CA
United States

Dell
New York, NY
United States

He Just Laughs
Jersey City, NJ
United States

Brian
West Chester, PA
United States

Russell
Royal Oak, Michigan
United States

Rosie
Chiswick, London
United Kingdom

Cyril
Brampton, Ontario
Canada

Ryan
Chicago, IL
United States

Eldon
St. Petersburg, FL
United States

Bárbara & Rui
Oliveira de Azemeis,
Portugal

John
Princeton, NJ
United States

Rohan
Dublin, OH
United States

Ron
Oakland, CA
United States

Mark
San Jose, CA
United States

Leah
Port Angeles, WA
United States

William
Dallas, TX
United States

Dan
San Francisco, CA
United States

Anonymous

hayden
Oakland, CA
United States

Meredith

United States

Alberto
Gussago, Brescia
Italy

Kerry
seattle, WA
United States

suzanne
Vernon, British Columbia
Canada

Regan
Brooklyn, NY
United States

Devin
Bellingham, WA
United States



Top Lending Teams for this entrepreneur


Team Obama
Common Interest
3020 Members

India
Common Interest
765 Members

Bloggers
Common Interest
230 Members

Journal entries for Sábado Samuel Massingue


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

Thank you for your loan. It has been disbursed to Sábado Samuel Massingue 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
Jan 3, 2009
Comment on this entry

Update on Sabado Massingue's Kiva Loan
 
Entrepreneur: Sábado Samuel Massingue
Location: Boane, Maputo, Mozambique

Alo from Boane, Mozambique!

Today I had the opportunity to visit Sabado Massingue at his bar. Sabado has quite the venue for evening entertainment. He offers an exhausting list of domestic and South African beverages and is one of the few people in town with a pool table. His bar is located in a part of Boane that is not currently off the electrical grid. To capitalize on this misfortune Sabado bought a generator for his bar so that he can illuminate his bar at night. If you want beer, billiards, and lights Sabado's bar is your spot.

Right now the cold, winter weather in Mozambique is slowing his business down a little bit. Who wants a nice cold 2M beer when its a bit chilly out? He hopes things will pick up when the warm weather starts returning in August.

Sabado is extremely grateful for his Kiva loan. Thanks for your support!

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.

To learn more about microfinance in Mozambique visit the Kiva Fellows blog here


Posted by Cameron Morris from Boane, Maputo, Mozambique
Jul 9, 2009
Comments (1)

Kiva Help Repayment Schedule for Sábado Samuel Massingue

  Expected Repayments Actual Repayments Comments
March 2009 $46.14 $46.14 Repayment Received
April 2009 $48.23 $48.23 Repayment Received
May 2009 $50.41 $50.41 Repayment Received
June 2009 $52.68 $52.68 Repayment Received
July 2009 $55.07 $55.07 Repayment Received
August 2009 $57.55 $57.55 Repayment Received
September 2009 $60.16 $60.16 Repayment Received
October 2009 $62.88 $62.88 Repayment Received
November 2009 $65.72 $616.88 Repayment Received
December 2009 $68.69 Available Dec 1 Repayment Received
January 2010 $71.79 Available Jan 1 Repayment Received
February 2010 $75.04 Available Feb 1 Repayment Received
March 2010 $78.43 Available Mar 1 Repayment Received
April 2010 $81.98 Available Apr 1 Repayment Received
May 2010 $85.68 Available May 1 Repayment Received
June 2010 $89.55 Available Jun 1 Repayment Received