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Fernando Elias
He was born in the district of Chibuto, province of Gaza, southern Mozambique. He's married and has four children, and the oldest one of them attends school. He completed 5th grade and didn't continue due to lack of financial conditions. He lives with his family in a house he owns and also supports his brother who lives with him.
He left Chibuto for Maputo in the district of Boane in search of a job. He has been a locksmith for over 10 years and earns an income of about 5.000mt. He uses it to pay for home expenses and also saves part of it in his bank account.
He has never had loans in other banks. He first heard of Hluvuku through a friend who is also a client of this institution. This is his fifth loan with Hluvuku. It is for 18.000mt, which he intends to use to purchase construction supplies (iron, cement, sand, beams, etc.). The previous loans were for 6.000mt, 6.000mt, 12.000mt and 15.000mt and they were used for housing expenses and for his business.
He pledges to make his repayments as scheduled. In the future he intends to finish building and furnishing his home, and for that purpose he plans to request more loans from Hluvuku.
View original language description ↓
Nasceu no Distrito de Chibuto, Província de Gaza, Sul de Moçambique, casado e pai de 4 filhos destes o mais velho vai a Escola. Fez 5ª classe e não continuou devido a condições financeiras. Vive na casa própria com a sua família e sustenta seu irmão que vive com ele.

Saiu de Chibuto para Maputo no Distrito de Boane a procura de emprego, é serralheiro há mais de 10 anos, consegue um rendimento de cerca 5.000.00mt 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 quinto empréstimo na Hluvuku no valor de 18.000.00mt, com qual pretende comprar material de construção da sua casa (ferro, cimento, areia, barrotes e outros). Os empréstimos anteriores foram de 6.000.00, 6.000.00, 12.000.00 e 15.000.00mt aplicados na habitação e comércio.
Compromete se a pagar devidamente e no futuro pretende concluir a sua casa e mobilar, 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

  • $1,389
    Average annual income
  • 16
    View loans »
    Mozambique Loans Fundraising
  • $2,316,975
    Funds lent in using Kiva
  • 27.0
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Fernando Elias to purchase construction supplies for his house: iron, cement, sand, beams, etc.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 29, 2012
Listed
Mar 15, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013