September 11, 2011
As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.
During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff. 
Kiva's new risk rating system, which now includes half stars, has enabled us to display Hluvuku-Adsema's risk rating with a higher level of granularity. As a result, Hluvuku-Adsema's risk rating will now be displayed as 2.5 stars instead of 3 stars. 
We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio.  To view that, please go here:
Hluvuku-Adsema has been informed of the change in the display of their rating on Kiva's website.
September 2, 2010

Hluvuku-Adsema's delinquency rate increased to 32.1% on August 1st, 2010. Since that date, Hluvuku-Adsema has been delinquent in remitting funds to Kiva. As of September 2, 2010, their delinquency rate on Kiva is 48.3%.

Portfolio staff are continuing to follow up with Hluvuku-Adsema, and hope to receive the expected payment soon. In the meantime, Hluvuku-Adsema's fundraising status has been changed from “active” to “paused.”

Once this payment has been received and distributed to Kiva lenders, Hluvuku-Adsema will be unpaused and their delinquency rate should fall to a rate that reflects the amount that borrowers have yet to repay.

Original Partner Description

Hluvuku's mission is to improve the socio economic conditions of the population in the Maputo province and contiguous areas, providing sustainable services to low income people, considering the viability of the initiatives. Hluvuku's vision is to play a key role in expanding access to financial services in the Maputo province.

The Matutuine district has a very low population density, of approx. 6.5 inhabitants per square kilometer, and was severely affected by the civil war. It also has a high incidence of the HIV/AIDS virus.

Hluvuku-Adsema wants to attain operational and financial self-sufficiency developing a legal framework and also the technical skills of its workers aiming the introduction of savings products in the local market.

Hluvuku-Adsema can be contacted via email at

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 18, 2006 Oct 12, 2005
Total Loans $1,814,000 $590,587,600
Amount of raised Inactive loans $0 $709,800
Number of raised Inactive loans 0 573
Amount of Paying Back Loans $317,775 $123,092,325
Number of Paying Back Loans 484 131,077
Amount of Ended Loans $1,496,225 $466,785,475
Number of Ended Loans 2,561 593,552
Delinquency Rate 2.17% 4.23%
Amount in Arrears $4,000 $3,465,940
Outstanding Portfolio $184,098 $81,929,648
Number of loanDelinquent 67 16,779
Default Rate 0.18% 1.15%
Amount of Ended Loans Defaulted $2,628 $5,349,645
Amount of Ended Loans $1,496,225 $466,785,475
Number of Ended Loans Defaulted 9 16,827
Currency Exchange Loss Rate 0.23% 0.09%
Amount of Currency Exchange Loss $4,235 $536,808
Refund Rate 0.90% 0.77%
Amount of Refunded Loans $16,275 $4,537,625
Number of Refunded Loans 23 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 56.01% 74.17%
Average Loan Size $596 $418
Average Individual Loan Size $597 $655
Average Group Loan Size $508 $1,828
Average number of borrowers per group 2 8
Average GDP per capita (PPP) in local country $1,389 $3,430
Average Loan Size / GDP per capita (PPP) 42.91% 12.19%
Average Time to Fund a Loan 4.12 days 5.59 days
Average Dollars Raised Per Day Per Loan $144.82 $74.76
  Average Loan Term 16.47 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 302 295,819
  Journaling Rate 11.01% 42.38%
  Average Number of Comments Per Journal 0.51 0.08
  Average Number of Recommendations Per Journal 5.68 1.87

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 46% PY 68.00% PY 33.46% PY
  Profitability (return on assets) 11.9% 2.1% -1.39%
  Average Loan Size (% of per capita income) 97.60% 86.00% 41.11%

Country Fast Facts

Field Partner Staff

Carlos Bento
Franscisco Alfredo Cuamba
Paulo Cuvila
Inocencia Jangamo
Daniel Machava
Daniel Machava
Zelia Massinga
Edson Nhadumbuque
Samora Sique
Mariana Sitole
Herminia Tamele
Bernardo Luis Tembe
Test Test