After finishing his basic education (through 10th grade), Octavio completed a 3-year teacher training course that prepared him to work as a Portuguese language teacher. The same year he finished, due to the large number of family members living in his parents' house and because he already had a family of his own, he moved into a rental house costing 400 Meticales a month. Later he was transferred to a job in the Direcçao Distrital da Educação [Regional Education Administration] where he currently works from 7:30 AM to 3:30 PM. He earns 5548 Meticales per month and also has a scholarship that allows him to further his education. Because he was tired of living in a rental house, he approached Hluvuku [the Kiva field partner] for a loan to cover the legal expenses and construction costs of building his own home. Due to the fact that his construction materials were stolen he has not been able to finish the project but he never lost hope that he would be able to build. He decided to ask for another loan in the amount of 20,000 Meticales to finish this construction project and move into his own home.
This is Octavio's third loan with Hluvuku and his first with Kiva. His first loan, for 15,000 Meticales, was used to legalize the land he owns. The second, for 8000 Meticales, was to begin the construction. He is asking for this third loan to put the finishing touches on his construction project. He is sure that he will repay this loan on time and will ask for another loan to furnish his house.
Octavio após concluir o ensino básico (10 classe) faz o curso de professorado que duram 3 anos tempo (regular) com equivalência de 12 classe, é afecto para trabalhar como professor de português. No mesmo ano devido ao elevado numero de agregado familiar e porque ele já tinha família. saiu da casa dos pais para uma casa alugada onde paga mensalmente 400.00MT. Depois é transferido para trabalhar na Direcçao Distrital da Educação onde se encontra ate então trabalhando das 7:30 as 15:30h auferindo 5.548,00MT mensalmente e ainda consegue ganhar uma bolsa de estudo aumentando assim o nível de escolaridade. Por estar cansado de viver numa casa alugada ele aproxima se a hluvuku solicitando empréstimos para legalização e construção da sua própria obra, mas devido ao roubo do material de construção ele não consegue concluir a obra e nunca perde a esperança de construir. Resolve pedir outro empréstimo no valor de 20.000.00MT para minimizar a sua obra e mudar se para sua própria casa.
Este é o terceiro empréstimo de Octavio na Hluvuku e primeiro com Kiva. O primeiro de 15.000.00MT foi usado para legalizar o seu terreno, o segundo de 8.000.00MT deu inicio do seu negócio e pede este terceiro de 20.000.00MT para concluir as mínimas partes da sua obra. Esta confiante que vai pagar antes do tempo e pedir um novo para mobilar à mesma.
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.
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