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Additional Information

More information about this loan

This is loan is part of Hluvuku’s effort to empower youth in Mozambique. With maximum repayment terms of 24 months, and maximum loan amounts of $12,000, this product is designed to helps borrowers purchase vehicles to transport goods across the South Africa/Mozambique border. By using the vehicle as collateral, Hluvuku hopes to encourage more young entrepreneurs to apply, as they will need fewer guarantees. By funding this loan, you are helping a youth in Mozambique to  generate an income for themselves and their families.

 

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About Mozambique

  • $1,200
    Average annual income
  • 62
    View loans »
    Mozambique Loans Fundraising
  • $2,724,100
    Funds lent in using Kiva
  • 31.3
    Mozambique Meticais (MZN) = $1 USD
Paying Back - Delinquent
A loan of $1,600 helped this borrower to purchase chicks, vitamins, feed and drinkers so that he can increase productivity and improve his sales volume in larger markets.
95% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2014
Listed
Apr 23, 2014
Currency Exchange Loss:
Possible