| Location: | Namaacha, Mozambique | Repayment Term: | 16 months (more info) |
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|---|---|---|---|---|
| Activity: | Personal Housing Expenses | Repayment Schedule: | Monthly | |
| Loan Use: | Purchase construction material | Currency Exchange Loss: | Covered | |
| Default Protection: | Not Covered |
He left Gaza Province for Namaacha, a town on the border with Swaziland, with his parents after his father was transferred through his work in education. After completing primary education, his mother advised him to enroll in the training course for primary teachers as a fast path to entering the job market. Fulgencio completed the course in two years and quickly went to work as an administrator in the District Administration Office of Education in the same town of Namaacha. He has been working for three years and earns a salary of 4700 meticais monthly. He has not been able to save because he is building his residence in the town of Boane, which is located 75 km away from the town of Namaacha. he has not been able to complete the construction, so he approached Hluvuku requesting a loan to continue the work. He obtained this with a little bit of difficulty due to lack of collateral, but with the help of his uncle as a backer, he was able to overcome this barrier and continue the work. He takes care of his mother and his two younger siblings who live in the city of Maputo by sending them 1000 meticais per month.
This is Fulgencio's second loan from Hluvuku and his first with Kiva. The first 10,000 meticais were used to buy construction material to start the project, since he already has part of the land. This additional 10,000 meticais will be used to continue the same building project. He is confident that he is going to repay before the loan term and take another loan to furnish the house.
About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more
Translated from Portuguese by N Aviva, Kiva Volunteer
Sai de Gaza para Namaacha uma vila na fronteira da Swazilândia com os seus pais apois a transferencia do seu pai no serviço este que trabalhava na Educaçao. Depois de concluir o ensino basico, a sua mãe aconselhou o para ingressar no curso de formaçao de professores primarios como cominho rapido para entrar no mercado de emprego. Assim Fulgencio concluiu o curso em dois anos e logo foi afecto para trabalhar como adiministractivo na direcçao distrital de Educaçao na mesma vila de Namaacha, esta a trabalhar como efectivo a tres anos e oufere um salario no valor de 4.700,00mt mensalomente,não consegue poupar nada porque esta a construir a sua rensidencia na vila de Boane que sita a 75 KM de distancia da vila de Namaacha e não consegue concluir, aproxima se a hluvuku solicitando um valor para dar continuidade da sua obra valor este que obteve com um pouco de dificuldades devido a falta de bens, mas com ajuda do seu tio seu avalista ele consegue superar a barreira e continuar com as obras. Responsabiliza se pele mae e seus dois irmaos mais novos que vivem na cidade do Maputo enviando lhes 1000,00mt por mês.
Este e o segundo emprestimo de fulgencio na hluvuku e primeiro com kiva. Os primeiros 10.000.00mt foram usados para comprar material de construçao para dar inicio da sua obra pois já possuia uma parte de terra que obteve atraves do stick, e estes outros 10.000.00mt seram usados para dar continuidade da mesma obra. Esta confiante que vai reembolsar antes do tempo determinado e adquirir um outro para mobilar a sua casa.
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