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Nelson
Nelson was born in the Namaacha Province of Maputo, is 41 years old and the father of 5 children who are all in school. He is also responsible for his mother and his brothers who live in Maputo.

He has been a trader for more than 5 years and owns a commercial establishment. The money he makes is used for household expenses and to help his brothers. With this loan he plans to expand his business by buying more products such as: rice, sodas and juices. This is his 6th loan with Hluvuku.

In future he plans to expand his commercial establishments and to buy a truck to transport his merchandise.

His biggest challenge is to keep his business going so that he can pay back his loan.
View original language description ↓
Nasceu em Namaacha Província de Maputo tem 41 anos de idade vive maritalmente é pai de 5 filhos, todos frequentam a escola, responsabiliza-se pela sua mãe e pelos seus irmãos que se encontram no Maputo.
É negociante a mais de 5 anos, proprietário de um estabelecimento comercial, ganha um valor que aplica nas despesas da casa assim como para ajudar os seus irmãos. Com este empréstimo pretende ampliar o seu negócio adquirindo mercadoria como: arroz, refrescos, sumos. Este é seu 6º empréstimo na hluvuku.
Futuramente pretende ampliar os seus estabelecimentos comercias e adquirir uma camionete para o transporte da mercadoria.
O seu maior desafio é manter o seu negocio para o sustento de crédito.

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

  • $1,389
    Average annual income
  • 22
    View loans »
    Mozambique Loans Fundraising
  • $2,320,575
    Funds lent in using Kiva
  • 31.0
    Mozambique Meticais (MZN) = $1 USD
Expired
A loan of $2,275 helped Nelson expand his business by buying more products such as: rice, sodas and juices.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 30, 2014
Listed
Aug 2, 2014
Currency Exchange Loss:
Possible
Expired:
Sep 1, 2014