Nalina Massingue


Status: Paid Back

$400.00   Loan Request
$400.00   Paid Back

About the Entrepreneur

Name: Nalina Massingue
Location: Boane, Maputo, Mozambique
Activity: General Store

About the Loan

Loan Amount: $400.00
Loan Use: To increase stock in her shop
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Apr 19, 2007
Date Disbursed: May 3, 2007
Date Funded:Apr 19, 2007
Loan Ended:Jan 24, 2008

About the Country

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



Nalina Massingue is 43 years old. She was born and raised by her parents in Moamba, in the Maputo province. Her family’s financial situation prevented her from attending school.
Since 2005, she has been managing the family business and today owns a small commercial establishment.
In the end of 2006, she was introduced by neighbors and friends to HLUVUKU- ADSEMA. There she learned about the prospects of access to credit.
With the loan of 10.000,00MT, Nalina wants to increase stock in her business. And consequently her income, which is vital in the sustenance of her family and schooling of her 3 daughters.
Her business has a positive impact in her community in that it provides employment for Nalina, brings the products closer to the community, especially to the population of the Bairro 1 de Boaque neighborhood.

Translated from Portuguese by Mariana Fraga, Kiva Volunteer.



Localização: Bairro 1 - Boane

Cliente: Nalina Massingue
Sector de Actividade : Comercio
Valor de Empréstimo: 10.000,00 MT (400.00US$)
Aplicação de montante: Compra de produtos .

Início: 10/04/2007
Fim: 31/03/2008

Nalina Massingue, de 43 anos de idade, natural de Moamba, Provincia de Maputo, cresceu sob a responsabilidade dos seus Pais. A situação financeira da família lhe criou poucas oportunidades para estudar.
Desde 2005 vem assumindo na integra a gestão de negocio da família e conta hoje com um estabelecimento comercial.
Nos finais de 2006 por indicação dos vizinhos e colegas de serviço teve conhecimento da existência da HLUVUKU- ADSEMA, tendo se aproximado e solicitado informações sobre condições de acesso ao crédito.

Com o Empréstimo de 10.000,00MT, pretende aumentar o volume do negocio e aumentar a sua renda que é principal fonte para suportar os encargos familiares, incluindo a educação das três filhas.

A sua actividade tem um impacto maior na comunidade porque alem de providenciar emprego para ela própria, coloca o produto mas perto do cliente, com particular destaque para a população do Bairro1 de Boane.


Lenders to this entrepreneur

Lumi

Germany

Austin
Federal Way, WA
United States

Ananda
San Francisco, CA
United States

Thomas
Vernon Hills, IL
United States

Shelley
Fremont, CA
United States

Bruce and Joy
Hd. Chezzetcook, Nova Scotia
Canada

marshall
new york, NY
United States

Luiz Guilherme
Rio de Janeiro,
Brazil

carolyn
Chappaqua, NY
United States

Scott & Leslie
Chicago, IL
United States

Roger
Martinsburg, WV
United States



Journal entries for Nalina Massingue


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

Thank you for your loan. It has been disbursed to Nalina Massingue by Hluvuku-Adsema in Mozambique. We are excited to watch this business grow. Over the next 9 - 12 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
Apr 24, 2007
Comment on this entry

Update on Nalina Massingue's Kiva Business
 
Entrepreneur: Nalina Massingue
Location: Boane, Maputo, Mozambique

Sra. Massingue's small store is located in the remote but densely populated neighborhood of Bairro 1 on a heavily trafficked foot path. Nalinda opens the storefront at 7am in the morning until 8pm, but because the store is attached to her home she attends to customers at whatever hour they call upon her. She also holds a job as a cook in the government offices up the hill, so when she is out of the house her daughters man the storefront.

With funds from her loan, Nalinda was able to buy a greater quantity of staple goods in bulk such as sacks of rice, flour, oil, sugar and peanuts to lessen the trips to the capital city for purchases. She also bought a greater variety in merchandise so she can now offer several choices in drinks, crackers, cookies, etc. In addition, she uses a bit of the loan each week to buy fresh eggs and produce such as tomatoes, onions. and potatoes.

Profits from this business are used to support the household and two of her 11 children that live at home. She also pays for the costs to school these two youngest daughters.

Nalinda hopes to take a new loan in order to build an enclosed seating area to serve as a restaurant on the opposite end of her house. She'd like to buy tables and chairs as well as a small stove from which to make her specialty chicken dish.


Posted by Shannon Gallagher from Boane, Maputo, Mozambique
Oct 20, 2007
Comments (1)

Kiva Help Repayment Schedule for Nalina Massingue

  Expected Repayments Actual Repayments Comments
August 2007 $44.44 $45.00 Repayment Received
September 2007 $44.44 $90.00 Repayment Received
October 2007 $44.44 $45.00 Repayment Received
November 2007 $44.44 $45.00 Repayment Received
December 2007 $44.44 $45.00 Repayment Received
January 2008 $44.44 $45.00 Repayment Received
February 2008 $44.44 $45.00 Repayment Received
March 2008 $44.44 $40.00 Repayment Received
April 2008 $44.48 $0.00 Repayment Received