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Oxidio
Oxidio André Cuco was born in the city of Matola, state of Maputo in southern Mozambique. He is 29 years old, cohabites with his girlfriend, and has 4 children, aged from 2 to 12 years old. Three of them attend school. He droped school after concluding 8th grade due to financial lack of conditions.He owns the house they live in. He also supports his mother, sending her money or supplies in the amount of 1000.00mt/month (33$).

He moved to the district of Namaacha with his parents who were relocated due to professional reasons. He then went to live with his current wife. He works at Town's Hall for a year as a security guard, working shifts from 7am to 8pm or 8pm to 7am. He has a monthly income of 2,080,00mt (68,63$) which he applies in housing expenses, and still manages to save some, because his wife works at Namaacha Water Company and helps with the expenses.

He never asked for any other loan. He got to know Hluvuku through his colleagues who are also clients of this institution. This is his third loan at Hluvuku and second one at Kiva, in the amount of 15,000,00mt (500$), with which he plans to buy construction materials (cement, beams and zinc plates) to proceed with the building of his house. His previous loans (231$ and 330$) were used in the building of his house which is almost finished.

He is confident that he will be able to pay the loan before deadline, so he can then ask for another loans to build a grocery store to increase his family's income.
View original language description ↓
Oxidio André Cuco nasceu na Cidade da Matola, Provincia de Maputo, sul de Moçambique, tem 29 anos de idade vive maritalmente pai de 4 filhos de 2 aos 12 anos. os três primeiros é que vão a escola. Fez 8ª classe não continuou devido a falta de condições finaceiras. Vive na casa própria com sua familia e sustenta sua mãe enviando lhe diheiro ou sexta básica mensalmente no valor de 1000.00mt.

Muda se para Distrito de Namaacha com seus pais que foram transferidos numa missão de serviço. Ele junta se com sua esposa e fixa sua residência. Trababalha no Minicipio da vila há 1 ano como seguranca, em turnos das 7:00h as 20:00h no periodo da manha e das 20:00h as 7:00h no periodo da noite tem um salário de 2,080,00mt que aplica nas dispesas da casa e ainda poupa algum porque conta com ajuda da sua esposa que trabalha nas aguas da namaacha.


Nunca teve empréstimos em outros Bancos, conhece a Hluvuku atraves do seus amigos que também são clientes desta instituição. Este é terceiro empréstimo na Hluvuku e segundo com Kiva no valor de 15,000,00mt com aqual pretende comprar material de construção(cimento, barrotes e chapas de zinco) para dar continuidade da sua obra.o empréstimo anterior foi de (7.000.00 e 10.000.00)mt para a obra que agora se encontra numa fase de acabamentos.

Esta confiante que vai pagar antes do tenpo previsto para poder aceder a outros para construção de um estabelecimto de vanda de produtos comestiveis aumentando assim a renda familiar.

Additional Information

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.

About Mozambique

  • $1,389
    Average annual income
  • 49
    View loans »
    Mozambique Loans Fundraising
  • $2,645,650
    Funds lent in using Kiva
  • 30.0
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Oxidio buy construction materials (cement, beams and zinc plates).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2011
Listed
May 18, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2012