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Armando
He's married and has ten children - eight of them are already adults, and two of them attend school. He lives in a house he owns and also supports three grandchildren who live with him.
He's a pensioner of a stone quarrying company. With the current loan he intends to purchase construction supplies (cement, sand, rocks, bricks, etc.) in order to start building another house for his children.
In the future he would like to own houses for renting, so that he can help with his children and grandchildren's schooling expenses. For that reason he pledges to repay the loan as scheduled, so he can request more loans from Hluvuku.
The challenge he faces is being able to finish building rooms for renting.
View original language description ↓
Casado e pai de 10 filhos 8 já maiores de idade e 2 frequentam Escola, vive na casa próprio e sustenta 3 netos que vivem com ele.
Pensionista de uma empresa de extracção de pedra. Com o presente empréstimo pretende comprar material de construção (cimento, areia, pedra, blocos e outros) para iniciar uma outra casa para os seus filhos.
No futuro gostaria de ter casas de aluguer para ajudar nas despesas de educação de seus filhos e netos, para tal compromete-se a pagar devidamente o empréstimo para solicitar mais a Hluvuku.
O desafio é conseguir concluir as dependências de aluguer.

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
  • 61
    View loans »
    Mozambique Loans Fundraising
  • $2,716,800
    Funds lent in using Kiva
  • 27.9
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Armando to purchase construction supplies (cement, sand, rocks, bricks, etc.).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 24, 2013