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Augusto
Augusto is married and the father of four children, all of whom attend school. He lives with his family in a home they own and also supports his sister, who lives with them. He works as a machine operator for the Mozambique railroad. He plans to use this loan to buy construction materials (cement, sand, paint, doors, etc.) to remodel the housing he rents out. In the future he hopes to build more rental housing and grow professionally. He is committed to paying off his loan so that he can request further loans from Hluvuku. The challenge he faces is the lack of investment capital and financial difficulties.
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Casado e pai de 4 filhos todos frequentam a Escola, vive na casa própria com a sua família e sustenta a sua irmã que vive com ele.
Trabalha como operador de máquinas nos Caminhos de Ferro de Moçambique. Com este empréstimo pretende comprar material de construção (cimento, areia, tinta, portas, e outros), para remodelar as dependências de aluguer.
No futuro deseja construir mais dependências de aluguer e crescer profissionalmente, para tal compromete-se a pagar devidamente o empréstimo para solicitar mais a Hluvuku.
O desafio é a falta de fundos de investimento e dificuldades financeiras.

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
  • 59
    View loans »
    Mozambique Loans Fundraising
  • $2,429,250
    Funds lent in using Kiva
  • 28.8
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Augusto to buy construction materials (cement, sand, paint, doors, etc.).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 31, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013