Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

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

Status update — November 7, 2019

Hluvuku-Adsema has changed its name to Microbanco Confiança after they became a microbank in Mozambique. Under Mozambican regulations, as a microbank, Microbanco Confiança will able to start collecting savings.

Status update — 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.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 18, 2006 Oct 12, 2005
Total Loans $4,356,000 $1,342,653,350
Amount of raised Inactive loans $950 $1,181,700
Number of raised Inactive loans 1 1,540
Amount of Paying Back Loans $520,225 $147,752,225
Number of Paying Back Loans 1,030 195,207
Amount of Ended Loans $3,834,825 $1,193,719,425
Number of Ended Loans 6,896 1,537,972
Delinquency Rate 1.58% 10.45%
Amount in Arrears $5,523 $9,712,838
Outstanding Portfolio $287,676 $92,974,170
Number of Loans Delinquent 153 57,654
Default Rate 0.35% 1.76%
Amount of Ended Loans Defaulted $13,559 $21,059,527
Number of Ended Loans Defaulted 84 51,434
Currency Exchange Loss Rate 3.74% 0.39%
Amount of Currency Exchange Loss $163,121 $5,195,382
Refund Rate 0.44% 0.60%
Amount of Refunded Loans $19,225 $8,035,800
Number of Refunded Loans 27 7,995

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 52.26% 76.43%
Average Loan Size $550 $394
Average Individual Loan Size $550 $609
Average Group Loan Size $0 $1,762
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,200 $5,772
Average Loan Size / GDP per capita (PPP) 45.84% 6.82%
Average Time to Fund a Loan 9.67 days 7.13 days
Average Dollars Raised Per Day Per Loan $56.86 $55.26
  Average Loan Term 17.1 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 330 796,867
  Journaling Rate 4.38% 43.15%
  Average Number of Comments Per Journal 0.47 0.03
  Average Number of Recommendations Per Journal 5.23 0.80

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 50% PY 68.00% PY 25.26% PY
  Profitability (return on assets) 2.2% 2.1% -1.26%
  Average Loan Size (% of per capita income) 97.60% 86.00% 12.96%

Country Fast Facts

Field Partner Staff

Carlos Bento
Franscisco Alfredo Cuamba
Paulo Cuvila
Beatriz Mauro
Samora Sique
Herminia Tamele
Bernardo Luis Tembe