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Madalena
Born in the Republic of South Africa, the applicant is a widowed mother of 10 children, whose ages she can no longer remember, but almost all of them now live independently. She attended school up to the 4th grade and then stopped going owing to her financial situation. She lives in her own house and cares for her grandchildren who live with her.
She left South Africa with her parents when she was still young and later started her own family. She has run her own business selling food for the last 20 years. She does not have any employees and she manages to earn around 3,000-4,000Mts each month, which she uses for household expenses and saves the remainder in her bank account.
She has never borrowed money from any other bank. She heard about Hluvuku through business colleagues who are also Hluvuku clients. This is her eighth loan for 10,000Mts, she intends to use this to buy merchandise (refreshments, cigarettes, beer, juices and other items) to increase her business current assets.
She is confident that she will meet the repayments without any difficulty. One of her dreams is to expand her business and to build a proper commercial establishment. She intends to apply for further loans in order to achieve these aims.
View original language description ↓
Nasceu na Republica da Africa do Sul, é viuva e maê de 10 filhos cuja as idades ja não se lembra, mas quase todos ja independentes. Fez 4a classe e parou por falta de condiçoes financeiras. vive na casa propria com a sua familia e sustenta seus netos que vivem com ela.
Saiu da Africa do Sul para Maputo ainda muito nova, veio com seus pais, mais tarde constitui a sua familia. Tem um negocio proprio de venda de produtos alimetares ha mais de 20 anos, não tem empregados e consegue um rendimento de cerca de 3.000.00 a 4.000.00mt por mês que aplica nas despesas de casa e poupa algum na sua conta bancaria.
Nunca fez emprestimos noutros bancos. Conheceu Hluvuku atravez de amigas comerciantes que tambem são clientes desta instituiçao. Este é o seu oitavo emprestimo no valor de 10.000.00mt, com qual pretende comprar mercadoria (refrescos, cigarros, cervejas, sumo e outros) para aumentar a mercadoria no seu estabelecimento.
Esta confiante que vai pagar sem dificuldades e um dos seus sonhos e ampliar o seu negocio, e construir um estabelecimento comercial condigno, para tal tenciona solicitar mais emprestimos.

About Mozambique

  • $1,389
    Average annual income
  • 39
    View loans »
    Mozambique Loans Fundraising
  • $2,382,900
    Funds lent in using Kiva
  • 28.3
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Madalena to buy merchandise (refreshments, cigarettes, beers, juices and other items).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jul 1, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 14, 2012