Investimento Group

Status: Paid Back

$700
Loan Request
Disbursed : Dec 5, 2007
Listed: Nov 21, 2007
Funded: Nov 21, 2007
$700
Paid Back
Ended: Apr 5, 2008

About the Country

Country:Mozambique
Avg Annual Income:$1,389
Currency:Mozambique Meticais (MZN)
Exchange Rate:25.2400 MZN = 1 USD


In this Group:
Helena Antonio Franc Nhagoe, Maria Gilda Cumbe, Maria Talvina Valent Tivane

About the Loan

Location: Xai-xai, Mozambique   Repayment Term: 7 months
(more info)
Activity: Used Clothing   Repayment Schedule: Monthly
Loan Use: The members of the Investimento group would like to use the loan money to buy more bundles of used clothing for resale.   Currency Exchange Loss: Covered
      Default Protection: Covered
The Investimento Group has 3 members: Maria Talvina, president of the Group, Maria Gilda and Helena Nhagoe. The group was formed in 2006 by Maria Talvina and Maria Gilda, who were the sole members at the time. Helena joined them just this year. All the members sell used clothing at Limpopo, one of the markets in the surrounding areas of the city of Xai-Xai. They all have children and live with their husbands. With the money from the loan, they would each like to buy more bundles of used clothing for resale, as used clothing sells very well at the Limpopo market. Maria Talvina would like to take 6,160 MT, Maria Gilda 5,120 MT and Helena 6,160 MT. Each would like to repay her loan within 4 months.

Translated from Portuguese by Leo Duran, Kiva Volunteer.



o Grupo Investimento tem 3 membros a saber Maria Talvina que e a Presidente do Grupo, Maria Gilda e Helena Nhagoe.O grupo foi formado em 2006. Eram na altura apenas 2 membros as sras Maria Talvina e Maria Gilda. A sra Helena juntou-se a elas ainda este ano. Todas elas vendem roupa usada no mercado Limpopo. Um dos mercados nas redondezas da Cidade de Xai-Xai. Todas elas tem filhos e vivem maritalmente com os seus maridos. Com o dinheiro do emprestimo querem cada uma comprar mais fardos de roupa usada para a venda uma vez que roupa usada tem muita saida no mercado Limpopo.Maria Talvina quer tomar 6.160,00 Mt, Maria Gilda quer tomar 5,120,00 Mt e a Helena quer tomar 6.160,00 Mts.Todas elas querem pagar em 4 meses


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more


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Lenders to this group

Tim
Steinmaur,
Switzerland

Sam Snyder
Lawrence, KS
United States

Jeanette
Renton, WA
United States

Marc
Chicago, IL
United States

Jacqueline
MILTON KEYNES, BUCKS
United Kingdom

Anonymous
Kelowna, B.C.
Canada

Angela
Santa Monica, CA
United States

Anonymous
San Francisco, CA
United States

Baker Avenue Asset Management
San Francisco, CA
United States

Robert
Antioch, CA
United States

Joseph & Annette
Meridian, ID
United States

Anonymous
Santa Clara, CA
United States

Tara & Alan
New Westminster, BC
Canada

Jim
Dorval, Quebec
Canada

Marsha
Norco, CA
United States

Suzanne
Portland, OR
United States

Anonymous
Minnetonka, MN
United States

Radko
Praha,
Czech Republic

Kevin
Snowmass Village, CO
United States

Eric Groise
PARIS, Ile-de-France
France

Dirk
Rotterdam,

Petri & Marja
Espoo,
Finland

Oisín
London, England
United Kingdom

John
flushing, NY
United States

Michele M
Rock Valley, IA
United States

Ray
Bell, CA
United States

Lorrie and Rick
Glenwood Springs, CO
United States



Journal entries for Investimento Group


Loan has been disbursed
 
Entrepreneur: Investimento Group
Location: Xai-xai, Mozambique

Thank you for your loan. It has been disbursed to Maria Talvina Valent Tivane
Maria Gilda Cumbe
Helena Antonio Franc Nhagoe by FDM (Fundo De Desenvolvimento Mulher) in Mozambique. We are excited to watch this business grow. Over the next 4 months, FDM (Fundo De Desenvolvimento Mulher) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Xai-xai, Mozambique
Dec 5, 2007
Comments (1)

Kiva Help Repayment Schedule for Investimento Group

  Expected Repayments Actual Repayments Comments
March 2008 $175.00 $175.00 Repayment Received
April 2008 $175.00 $175.00 Repayment Received
May 2008 $175.00 $175.00 Repayment Received
June 2008 $175.00 $175.00 Repayment Received