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Manuel
Manuel is 41 years old and married. He has a son and takes care of two stepchildren and three nephews who have lost their mother and live with him. He earns a living through the business which is run by his wife and he also works for a company as a security guard. This is his 4th loan and they have been duly repaid.
With the loan he intends to purchase foodstuffs such as flour, beans, rice, sugar, cooking oil, eggs, wine, beer, refreshments, juice, etc., so that he can expand the grocery store business he runs in his home.
His dream is to further develop his business, open another store in another area and be able to build a better house to live in.
His dream is the competition in the business.
View original language description ↓
Tem 41 anos de idade, vive maritalmente, pai de 1 filho, cuida de 2 enteados e 3 sobrinhos órfãos de mãe que vivem junto com ele, vive à base de negócio que é gerido pela esposa e é trabalhador numa empresa como guarda, esta a repetir o credito pela 4ª vez e tem sido um bom pagador.
Com o crédito pretende comprar produtos alimentares como: farinha, feijão, arroz, açúcar, óleo, ovos, vinhos, cervejas, refrescos, sumos, etc, para ampliar o seu negocio na mercearia que tem um sua casa.
Seu sonho é desenvolver mais o seu negocio e abrir mais um estabelecimento comercial numa outra zona e poder construir uma casa melhor para morar.
Seu desafio é a concorrência no negocio.

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
  • 63
    View loans »
    Mozambique Loans Fundraising
  • $2,695,675
    Funds lent in using Kiva
  • 31.3
    Mozambique Meticais (MZN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,400 helped Manuel to purchase foodstuffs such as flour, beans, rice, sugar, cooking oil, eggs, wine, beer, refreshments, juice, etc., so that he can expand his business.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2014
Listed
Apr 23, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015