Check out some available loans that are similar to this one!
Armando Alberto
Armando was born in Boane district of Maputo in southern Mozambique. He is a married father of three children, one is nearly an adult and the other two are still attending school. Armando completed school through the fourth grade and had then to stop due to lack of financial support from his parents. He lives in his own home with his family and also supports an uncle who lives with them.

He works as a van driver for the past seven years and has a salary of 6.300.00mt per month, which he applies to household expenses and a small bank account.

He has never had a loan with other banks. He learned of Hluvuku through a friend who is also a client of the institution. This is his third loan from Hluvuku in the amount of 26.000.00mt with which he plans to purchase construction materials for work on his house (cement, stone, slabs, beams, iron, and others). The previous loans were 13.000.00mt and 15.000.00mt that were also used for housing projects.

He is committed to repaying the loan in the future and plans to complete his home and buy a motor for his car to increase his fleet of vans, hopefully with additional Hluvuku loans.
View original language description ↓
Nasceu no distrito de Boane, Província de Maputo, Sul de Moçambique, casado e pai de 3 filhos dos quais 1 maior de idade e 2 ainda frequentam a Escola. Fez a 4ª classe e parou por falta de condições financeiras pela parte dos pais. Vive na casa própria com a sua família e sustenta mais um tio que vive com ele.

Trabalha como condutor de chapa há mais de 7 anos e tem um salário de 6.300.00mt por mês que aplica nas despesas de casa e poupa algum na sua conta bancária.
Nunca teve empréstimo noutros bancos, conheceu a Hluvuku através de um amigo que também é cliente desta instituição. Este é o seu terceiro empréstimo na Hluvuku no valor de 26.000.00mt, com qual pretende comprar material de construção para a obra da sua casa (cimento, pedra, chapas, barrotes, ferro, e outros). Os empréstimos anteriores foram de 13.000.00mt, e 15.000.00mt, que usou para habitação.
Compromete se a pagar devidamente e no futuro pretende concluir a sua casa e comprar um motor para a sua viatura e aumentar a frota de chapas, para tal tenciona solicitar mais empréstimos 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

  • $1,200
    Average annual income
  • 62
    View loans »
    Mozambique Loans Fundraising
  • $2,724,100
    Funds lent in using Kiva
  • 27.3
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Armando Alberto to buy cement, rocks, metal sheets, beams, iron, and other materials to expand his home.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 14, 2012
Currency Exchange Loss:
Possible
Ended:
May 19, 2013