Cucilda B. is 38 years old and has been an elementary school teacher for the past 16 years. She has spent the majority of her life in Boane, Mozambique. After the 12th grade Cucilda was forced to stop studying and begin working. She was trained to be a teacher at the Mozambican Institute of Education. As a teacher Cucilda makes MT 4,627 a month and is able to save a little bit each month.
Cucida is requesting this loan to help finance the construction of her home. This will be the second loan she has taken out with Hluvuku for this reason. She successfully paid back her previous loan and has begun construction on her home.
Cucilda is the married and is the mother of two children. She also supports two nieces that live with her. Her dream is to finish construction of her home and to take out another loan to start a small business.
About housing loans in Mozambique: In rural Mozambique many people still do not live in proper homes. Years of civil war and economic shocks have inhibited residents from accessing capital and buying building materials for their homes. The last several years have been relatively prosperous and many residents are using microfinance as a means to commence construction of their home.