Madalena Manuel Nhambe

Status: Paying Back

$350
Loan Request
Pre-Disbursed : Oct 19, 2009
Listed: Nov 8, 2009
Funded: Nov 8, 2009
18% repaid

About the Country

Country:Mozambique
Avg Annual Income:$1,389
Currency:Mozambique Meticais (MZN)
Exchange Rate:28.8000 MZN = 1 USD


About the Loan

Location: Boane, Maputo, Mozambique   Repayment Term: 18 months
(more info)
Activity: Personal Housing Expenses   Repayment Schedule: Monthly
Loan Use: To buy construction materials (cement, iron, sand and others)   Currency Exchange Loss: Possible
      Default Protection: Covered
Madalena Nhambe was born in Chokwe, province of Gaza in the south of Mozambique, she is 30 years old and is married and has 4 children who are 13, 10, 5 and 1 years old. She didn't studied because her father didn't support any school endeavours, as he lived with another wife in the Republic of South Africa. She lives in her own house built of very poor material in Boane with her family and besides her family she supports her mother in law sending her food.

She left Chokwe in 1997 with her mother to live at her aunts' house in Boane, province of Maputo, started working at an agricultural company that produces and sells bananas (Bananlandia) with her husband. Currently she works from 6 am to 2 pm with a salary of 1.630MT, she saves some money with co-workers thru Xitique and her husband always helps with the household.

She never requested credit from other institutions, she learned about Hluvuku tru co-workers who are clients too, and this is her first loan for 10.000MT which she expects to use to buy construction material (rock, cement, sand, iron, among others).

She promises to pay on time the loan in order to access to more credits in the future and finish her house to offer her family better living conditions.



Translated from Portuguese by Nina Delgado, Kiva Volunteer


Madalena nhambe nasceu em chokwe, Província de Gaza, ao sul de Moçambique, tem 30 anos de idade, casada e mãe de 4 filhos de 13,10,5 e 1 anos de idade. Não estudou porque o pai não sustentou as despesas escolares, vivia com uma outra esposa na Republica da Africa do Sul. Vive na casa própria construída na base de material precário em Boane com a família e para alem desta sustenta a Sogra (mãe do Marido) enviando alguns géneros alimentícios.

Saiu de Chokwe em 1997 com a mãe para a casa da tia em Boane, provincia de Maputo, começa a trabalhar numa empresa agrícola de produção e venda de Banana (Bananalandia) com o seu esposo. Actualmente trabalha das 6h as 14h auferindo um salário de 1.630.00mt, poupa algum no fim de mes com colegas através de Xitique e o marido tem ajudado sempre nas despesas caseiras.

Nunca trabalhou com outras instituições de crédito, conheceu a Hluvuku através de colegas que também são clientes desta instituição e este é o seu primeiro empréstimo no valor de 10.000.00mt com o qual pretende comprar material de construção (pedra, cimento, areia ferro e outros).

Compromete se a pagar devidamente este empréstimo afim de aceder a mais créditos no futuro concluir a sua obra e oferecer a sua família melhores condições de acomodação.





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Journal entries for Madalena Manuel Nhambe


Loan has been disbursed
 
Entrepreneur: Madalena Manuel Nhambe
Location: Boane, Maputo, Mozambique

Thank you for your loan. It has been disbursed to MADALENA MANUEL NHAMBE 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
Nov 9, 2009
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Kiva Help Repayment Schedule for Madalena Manuel Nhambe

  Expected Repayments Actual Repayments Comments
January 2010 $15.90 $35.29 Repayment Received
February 2010 $16.55 $29.50 Repayment Received
March 2010 $17.23 Available Mar 1 Repayment Received
April 2010 $17.94 Available Apr 1  
May 2010 $18.67 Available May 1  
June 2010 $19.44 Available Jun 1  
July 2010 $20.25 Available Jul 1  
August 2010 $21.07 Available Aug 1  
September 2010 $21.94 Available Sep 1  
October 2010 $22.84 Available Oct 1  
November 2010 $23.78 Available Nov 1  
December 2010 $24.76 Available Dec 1  
January 2011 $25.77 Available Jan 1  
February 2011 $26.84 Available Feb 1  
March 2011 $27.93 Available Mar 1  
April 2011 $29.09 Available Apr 1