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Sergio
Sergio was born in the province of Maputo in southern Mozambique. He is 23, single, and doesn't have children. He is currently taking ninth grade classes. He didn't finish school before due to his work schedule. He is also financially responsible for his mother who lives in the city of Maputo. He saves 500 meticals each month.

He moved to the district of Namaacha to spend a school holiday at his uncle's house. Luckily his uncle arranged employment for him and he began to work and stopped going to school. Today he has worked full time as a cleaner for more than 3 years. He makes 2,700 meticals a month that he puts towards his home's expenses. He also does electrical work in houses that are under construction.

This is his third loan with Hluvuku in the amount of 10,000 meticals that he will use to buy construction materials to continue work on his house. His previous loans were for 4,000 and 10,000 meticals that also went towards his home. He is confident that he will pay back his loan on time and ask for another one to finish the final details of his house.
View original language description ↓
Nasceu na Provincia de Maputo Sul de Moçambique, tem 23 anos de idade é solteiro e não tem filho. Encontra se a frequentar a 9ª classe, não concluiu antes, devido ao horario do seu trabalho, responsabiliza se pela sua mãe que vive na cidade de Maputo. Consegue poupar 500.00mt mensalmente.

Muda se para o Distrito de Namaacha alegando que ia passar ferias escolares em casa do tio, por ventura o seu tio consegue aranjar um emprego e ele começa a trabalhar e deixa os estudos. Hoje é funcionario permanente ha mais de 3 anos trabalha como fachineiro auferindo mensalmente 2.700.00mt que aplica nas dispesas da casa, mas também tem feito trabalhos de instalação electica nas casas ainda em construção.

Este é o terceiro empréstimo na Hluvuku no valor de 10.000.00mt com o qual pretende comprar material de construção para dar continuidade da sua obra. Os anteriores de 4.000.00mt e 10.000.00mt foram para a mesma finalidade. Esta confiante que vai pagar antes do tempo previsto e pedir um outro para concluir as minimas partes da sua obra.

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
  • 33
    View loans »
    Mozambique Loans Fundraising
  • $2,446,150
    Funds lent in using Kiva
  • 28.6
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Sergio to buy construction materials (cement, sand, etc.).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2011
Listed
Jul 4, 2011
Currency Exchange Loss:
Possible
Ended:
May 16, 2012