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Mario Salomao
Mario is from Gaza in the province of Gazo in southern Mozambique. He is the father of 3 children who range in age from 2 to 11. The oldest 2 are in school. He studied through seventh grade but did not continue due to the lack of financial resources. He lives in his own home with his family and also supports his siblings by sending them money to help with their food costs.

He left Gaza for Maputo in search of employment and better living conditions. He has worked at the railroad comapny of Mozambique for more than 7 years and makes 3,800 meticals per month, which he puts towards his home's expenses and also saves some in his bank account.

He has never has a loan with another bank. He became familiar with Hluvuku through a colleague that is also a client of our institution. This is his second loan in the amount of 10,500 meticals, which he will use to buy construction materials (cement, sand, rocks, etc.) to expand his home.

He is confident that he will pay back his loan without any difficulty. He wants to finish the work on his home and start a business, for which he is planning to request more loans.
View original language description ↓
Natural de Gaza, Provincia de Gaza ao sul de Mocambique casado e pai de 3 filhos,de idades entre 2 a 11 anos de idade os mais velhos vao a escola. Fez 7a classe e parou por falta de condiçoes financeiras. vive na casa propria com a sua familia e sustenta os irmaos enviando dinheiro para ajudar nas despesas alimentares.
saiu de Gaza para Maputo a procura de emprego e melhores condições de vida. Trabalha na empresa caminhos de ferro de Moçambique ha mais de 7 anos e tem um salario de 3.880.00mt por mês que aplica nas despesas de casa e poupa algum na sua conta bancaria.
Nunca fez emprestimos noutros bancos, Conheceu Hluvuku atravez do colega que tambem e cliente desta instituiçao. Este é o seu segundo emprestimo no valor de 10.500.00mt, com qual pretende comprar material de construção (cimento, areia, pedra e outros) para aumentar a sua residencia.
Esta confiante que vai pagar sem dificuldades, pretende concluir a sua obra e iniciar um negocio, para tal tenciona solicitar mais emprestimos.

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
  • 16
    View loans »
    Mozambique Loans Fundraising
  • $2,308,850
    Funds lent in using Kiva
  • 28.8
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Mario Salomao to buy construction materials (cement, sand, rocks, etc.).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 30, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012