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Milo Luis
Milo Luis B. was born in the District of Namaacha, on the border with Swaziland in the western part of the Provicince of Maputo. He is 25 years old, and is a single worker, with no children. He attend school through the 10th grade and had to stop to enroll in a basic course of the PRM (Republic of Mozambique Police) He lives in his mother's home and supports her.

Milo completed a one-year basic course with the (PRM) Republic of Mozambique Police. After he completed the course he was hired by the Ministry of the Interior as a central guard. He has been working for over 5 years and makes 3.000.00MT monthly. Years after his father died, he received a payout and opened a business to help with the household expenses and increase the family income. He approached Hluvuku requesting a loan to increase the stock of products. His best selling product is alcohol namely 2M (beer), wine and servings of whisky. Each week he purchases 20 boxes of 2M for 248 each, 10 boxes of wine at 450 each, and 3 boxes of whisky at 900 each. He resells them for 330, 1200, and whiskey at 25 per serving, with 30 servings per bottle, respectively. He makes 6.000.00mt per month and has the help of one employee who is paid 1.500.00MT monthly. He saves 1.500.00MT per month in his bank account.

He has already had loans through another institution but decided not to continue with them due to the distance. This is Milo's second loan with Hluvuku and Kiva. The first was for 10.000.00MT which was used to increase his volume of products. These 15.000.00MT will be used for the same purpose, with the goal of meeting his customers' needs. He is confident that he will pay off the loan before it is due and request another loan to begin building his home.
View original language description ↓
Milo Luis B. nasceu no Distrito de Namaacha Namaacha, na Fronteira da Suazilândia a Oeste da Província de Maputo, tem 25 anos de idade, é solteiro trabalhador e cem nenhum filho. Estudou ate a 10ª classe e teve que interromper para se formar num curso básico da P.R.M.vive na casa da mãe e responsabiliza se por ela.

Milo formou se num curso básico da (P.R.M) polícia da república de Moçambique durante um ano, apos terminar o curso é afeto no Ministério do Interior como guarda central. E trabalhador a mais de 5 anos e aufere um valor mensal de 3.000.00mt,anos depois seu pai perde a vida, ele indemnizado e abre um negócio para ajudar nas despesas da casa para aumentar a renda familiar, aproxima se a Hluvuku solicitando o empréstimo para aumentar o stock de produtos. Tem como melhor produto o álcool nomeadamente (2M, vinho e whisk em calce), tem comprado semanalmente 20cx de 2M cada a 248, 10cx de vinho cada a 450, e 3cx de whisk cada a 900 e revendendo a 330, a 1200 e o Whisk a 25 cada calce na razão de 30 calce por garrafa consecutivamente, obtêm de lucro 6.000.00mt mensalmente e conta com ajuda de um empregado que recebe 1.500.00mt, por mês consegue e poupar na sua conta bancaria 1.500,00mt.


Já teve empréstimos em outra instituição e decidiu não continuar devido a distância. Este é o segundo empréstimo de Milo na Hluvuku e Kiva.O primeiro de 10.000.00mt foi usado para aumentar o volume dos produtos, estes 15.000.00mt Serão usados para a mesma finalidade com objetivo de satisfazer a necessidade dos seus clientes, esta convencido que vai pagar antes do tempo previsto e pedir um novo empréstimo para dar início da sua obra.


About Mozambique

  • $1,389
    Average annual income
  • 35
    View loans »
    Mozambique Loans Fundraising
  • $2,379,100
    Funds lent in using Kiva
  • 33.8
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Milo Luis purchase products (alcoholic beverages, soft drinks, etc.).
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2010
Listed
May 26, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011