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Inacio Francisco
Inácio was born in the central province of Sofala in the Marromeu district. He is 33 years old, married, and has two children ages 3 and 7. His older child attends school. He completed a degree in Elementary Education 13 years ago in a school in the Manhica district. He teaches at the elementary school in Boane, earning 7.500,00MT per month, which he uses to support his wife and children. He owns his own home in Campoane in the Boane district.

He left Marromeu along with his parents in 1988 to move to Boane and he built his own home in 2000. He previously had a loan to purchase consumer goods through a commercial bank (BIM) and decided not to continue with the bank for additional loans because he had faced difficulties making payments beyond his means for a long time.

Upon learning about Hluvuku from colleagues, he decided to request a loan. This loan is for 12.000,00MT for the purchase of construction materials (cement, sand, etc.) He plans to pay back the loan without any problems in order to have access to future loans with the goals of finishing his house and equipping it.
View original language description ↓
Inácio nasceu na província central de Sofala, no distrito de Marromeu, tem 33 anos de idade, casado e pai de 2 filhos com 3 e 7 anos de idade. O mais velho freqüenta escola. Fez nível médio de Magistério Primário há 13 anos no instituto no distrito da Manhica e leciona na Escola primaria completa de Boane com salário mensal de 7.500m, 00mt que aplica no sustento da família (esposa e filhos). Vive na casa própria na vila de campoane, distrito de boane.

Saiu de Marromeu juntamente com os pais no ano de 1988 para a vila de Boane e em 2000 construiu a sua própria casa.
Já teve empréstimo para compra de Bens de consumo, num banco comercial (BIM) e decidiu não continuar com o banco para novos empréstimos por ter enfrentado dificuldades para pagar prestações foras das suas capacidades e durante muito tempo.

Após informações obtidas acerca das actividades da hluvuku através de colegas, decidiu aproximar a instituição solicitando o presente empréstimo no valor de 12.000,00MT para compra de material de construção (cimento, areia e outros).
Propõe se a pagar o empréstimo sem problemas para poder a ceder a mais crédito com intuito de terminar a casa posterior apetrecha mento.


Additional Information

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mozambique

  • $1,389
    Average annual income
  • 31
    View loans »
    Mozambique Loans Fundraising
  • $2,379,100
    Funds lent in using Kiva
  • 27.5
    Mozambique Meticais (MZN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $450 helped Inacio Francisco purchase of construction material (cement, stones, sand, etc.).
97% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2009
Listed
Oct 2, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2011