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Fernando
Fernando C. was born in the city of Maputo in southern Mozambique. He is 37 years old, and a single father of two children who are 12 and 3 years old. The eldest attends school. Fernando only completed the first grade, and didn't continue due to lack of resources and the negligence of his parents. He lives with his children in his own home, and also supports a brother who lives with him.

He left Maputo with his mother after she left his father, and they relocated their residence to Boane. He currently lives in this district and has owned his own shop for over 17 years. He works from 7 am until 9 pm, and mainly sells beer and soft drinks. He has no employees.

He earns around 1000 MZN a day, and uses the money for household expenses and saves some through a Xitique (a traditional savings system). He's never taken out a loan with other banks, and learned about Hluvuku through his friend Mr. Antonio Mundlovu who is also a client of the organization. This is his fourth loan, and is in the amount of 17000 MZN. He plans to use the money to purchase products (beer, wine, soft drinks and others) to increase the quality of the merchandise in his establishment. The earlier loans were for 8000 MZN, 12000 MZN and 15000 MZN, and were all used for the same purpose.

In the future, he hopes to apply for additional loans to increase the size of his commercial establishment and provide better service to his customers.
View original language description ↓
Fernando C. nasceu na cidade de Maputo, Provincia do mesmo nome, sul de Moçambique, tem 37 anos de idade, solteiro e pai de 2 filhos de 12 e 03 anos de idade, o mais velho vai a escola. Fez somente 1 classe não continuou por falta de condições financeiras e pela negligencia dos progenitores. Vive na casa propria com seus filhos e sustenta um irmao que vivem com ele.
Saiu da cidade de Maputo com a sua mae depois da separação e foram fixar residência em Boane. Actualmente vive neste Distrito e tem um negocio proprio a mais de 17 anos, trabalha das 7h as 21horas, vende mais cerveja e refrescos nao possui nenhum empregado. Consegue um rendimento de cerca de 1.000.00mt por dia que aplica nas despesas familiares e ainda poupa algum atravez de Xitique ( sistema tradicional de poupança rotativa).
Nunca teve empréstimos em outros bancos, conheceu a Hluvuku através do amigo Sr. Antonio Mundlovu que tambem é cliente desta instituição. Este é o seu 4º empréstimo no valor de 17.000.00mt com o qual pretende comprar produtos( cerveja, vinho, refrescos e outros ) para aumentar a quantidade de mercadoria no seu estabelecimento. Os empréstimos anteriores foram de 8.000.00mt, 12.000.00mt e 15.000.00mt todos para a mesma actividade.
No futuro gostaria de solicitar mais empréstimos para a ampliação do seu estabelecimento comercial e oferecer melhor comodidade aos seus clientes.

About Mozambique

  • $1,389
    Average annual income
  • 17
    View loans »
    Mozambique Loans Fundraising
  • $2,308,850
    Funds lent in using Kiva
  • 29.3
    Mozambique Meticais (MZN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Fernando purchase and sale of soft drinks.
98% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2010
Listed
Feb 21, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2011