What to know about this Lending Partner
Kiva conducts regular, ongoing monitoring of all Lending 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 hluvuku-adsema@teledata.mz
Status update — July 10, 2026
Kiva stopped new loan postings with MicroBanco Confiança in April 2024 following an extended period of repayment delays, limited responsiveness, and a reassessment of the partnership in light of Kiva's strategic priorities. In addition to ongoing repayment challenges, the operating environment in Mozambique has presented significant macroeconomic headwinds, including persistent foreign currency shortages that have affected the institution’s ability to make USD-denominated repayments.
Following the termination of new loan postings, MicroBanco's outstanding balance was restructured into a term facility in April 2024 with quarterly installments of approximately USD 68,000. The institution made only two payments under this arrangement—in September 2024 and June 2025. Loan postings were discontinued and repayment reporting was paused while the institution focused on repaying its outstanding obligation.
Since late 2024, MicroBanco’s repayment performance has continued to deteriorate. After missing scheduled installments under the initial restructuring, Kiva and MicroBanco agreed to a revised repayment plan beginning in October 2025, under which the institution committed to monthly repayments of USD 20,000. Despite this revised agreement, repayment performance has remained inconsistent, with only three monthly installments received since the new plan took effect.
Kiva recognizes that MicroBanco continues to operate in a challenging economic environment, including ongoing foreign currency constraints and broader macroeconomic pressures in Mozambique. However, the institution has continued to fall behind on its repayment commitments under the revised agreement. Kiva remains engaged with MicroBanco to pursue recovery of the outstanding balance and will continue to provide updates to lenders as material developments occur.
Status update — November 7, 2019
Hluvuku-Adsema (a Mozambican NGO) has established a wholly-owned subsidiary called Microbanco Confiança (Trust Microbank) to operate its microcredit activities. Microbanco Confiança (abbreviated MBC) is licensed as a Rural Microbank by the Central Bank of Mozambique. Under Mozambican regulations, as a microbank, MBC will able to start collecting savings. Hluvuku-Adsema's team has passed to MBC, and additional team members have been hired in order to comply with application regulations, as well as to handle operations. As a subsidary of Hluvuku-Adsema, MBC continues to espouse the social mission of its parent NGO.
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.