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Armando
Armando is a 45-year-old serviceman. He's married and has two underage children. He lives in a house that he owns and supports a sister-in-law who lives with him.
With the amount of the loan he'll purchase cement, sand and rocks so that he can enlarge his house, because right now it only has a bedroom and a living room.
He states that his plan is to finish the construction work and furnish the house. He also states that he'll apply for more loans.
He pledges to abide by the contract and states that he'll apply for more loans so he can achieve his plan. To that end he also gets help from his wife, who does small business that increases the family's income.
View original language description ↓
Armando é militar de 45 anos de idade, casado, pai de 2 filhos ainda menores vive na casa própria e sustenta uma cunhada que vive com ela.
Com o valor do crédito irá comprar cimento, areia, pedra para ampliar sua casa pois agora é so um quarto e sala.
Diz que tem como plano terminar a sua obra e mobilar e diz ainda que irá solicitar mais créditos.
Compromete se a honrar com o contrato e diz que irá solicitar mais empréstimos para atingir seu plano e que para isso tambem conta com a ajuda de sua esposa que faz pequenos negocios que reforcam a renda familiar.

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
  • 57
    View loans »
    Mozambique Loans Fundraising
  • $2,721,050
    Funds lent in using Kiva
  • 30.1
    Mozambique Meticais (MZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Armando to purchase cement, sand and rocks.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 13, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014