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João
João was born in the District of Boane, in the Province of Maputo in the south of Mozambique, is married and the father of 7 children, all adults. He completed primary school and didn't continue his education due to a lack of financial means. He lives in his own house with his family and supports another 4 grandchildren who live with him.

He has never left his home town, has been a trader for more than 14 years and has a monthly income of around 10,000.00 meticals (MZN) which he spends on household expenses and saves in his bank account (BIM).

He has never had loans with other banks and came to know Hluvuku through a neighbour who is also a client of this institution. This is his first loan with Hluvuku for the amount of 20,000.00 MZN, with which he intends to purchase products (beans, peanuts, fish, oil, pasta and others) to increase the quantity of his goods.

He commits to paying off the loan without problems and in future intends to solicit more loans from Hluvuku to increase his commercial activity.
View original language description ↓
Nasceu no Distrito de Boane, Provincia de Maputo, sul de Moçambique, casado e pai de 7 filhos todos maiores de idade. Fez o nivel primário e não continuou por falta de condições financeiras. Vive na casa propria com a sua familia e sustenta mais 4 netos que vivem com ele.

Nunca saiu da sua terra natal, é comerciante ha mais de 14 anos e tem um rendimento de cerca de 10.000.00mt por mês que aplica nas despesas de casa e poupa algum na sua conta bancaria (BIM).
Nunca teve emprestimos noutros bancos, conheceu a Hluvuku atravez de um Vizinho que tambem é cliente desta instituição. Este é o primeiro emprestimo na Hluvuku no valor de 20.000.00mt, com qual pretende comprar produtos (feijão, amendoim, peixe, óleo, massa, e outros) para aumentar a quantidade da sua mercadoria.
Compromete-se a pagar sem problemas e no futuro pretende solicitar mais emprestimos a Hluvuku para ampliar a sua actividade comercial.

About Mozambique

  • $1,200
    Average annual income
  • 133
    View loans »
    Mozambique Loans Fundraising
  • $2,802,800
    Funds lent in using Kiva
  • 26.4
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped João purchase products (beans, peanuts, fish, oil, pasta and others) for resale.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2011
Listed
Oct 1, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 18, 2012