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Madalena
She was born in the town of Magude, province of Gaza, southern Mozambique. She is married and has four children, two of which still attend school. She completed 3rd grade and stopped because her parents lacked financial conditions. She lives with her family in a house she owns and also supports two grandchildren who live with her.
She left Magude for Maputo when she got married. She has been selling various products for over 29 years and also owns rooms to rent. She earns an income of about 18.600mt a month. She uses it to pay for home expenses and saves part of it in her bank account.
She has never had loans in other banks. She first heard of Hluvuku through a friend who is also a client of this institution. This is her third loan with Hluvuku. It is for 17.500mt, which she intends to use to purchase construction supplies for her house (sand, rafters, iron, cement, etc.). The first loan was for 10.000mt, for the same purpose.
She pledges to repay as scheduled. In the future she plans to finish building and furnishing her home. For that reason she intends to request more loans from Hluvuku.
View original language description ↓
Nasceu na cidade de Magude, Provincia de Gaza, Sul de Moçambique, casada e mãe de 4 filhos dos quais 2 ainda frequentam a Escola. Fez a 3ª classe e parou por falta de condições financeiras pela parte dos pais. Vive na casa propria com a sua familia e sustenta mais 2 netos que vivem com ela.

Saiu de Magude para Maputo quando casou. É comerciante ha mais de 29 anos dedica-se a venda de produtos diversos e tem casas tipo dependências para aluguer, onde consegue um rendimento de cerca de 18.600.00mt por mês que aplica nas despesas de casa e poupa algum na sua conta bancaria (BIM).
Nunca teve emprestimo noutros bancos, conheceu a Hluvuku atravez de um amigo que tambem é cliente desta instituição. Este é o seu segundo emprestimo na Hluvuku no valor de 17.500.00mt, com qual pretende comprar material de construção para a sua casa (areia, barrotes, ferro, cimento, e outros). O primeiro emprestimo foi de 10.000.00mt para a mesma actividade.
Compromete se a pagar devidamente e no futuro pretende concluir a obra da a sua casa e mobiliar, para tal tenciona solicitar mais emprestimos a Hluvuku.

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
  • 79
    View loans »
    Mozambique Loans Fundraising
  • $2,536,325
    Funds lent in using Kiva
  • 26.6
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Madalena to purchase construction supplies for her house (sand, rafters, iron, cement, etc.).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 14, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 28, 2013