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

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.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Nov 18, 2006 Oct 12, 2005
Total Loans $6,447,360 $1,959,851,975
Amount of raised Inactive loans $0 $372,750
Number of raised Inactive loans 0 341
Amount of Paying Back Loans $691,080 $157,781,285
Number of Paying Back Loans 1,111 181,865
Amount of Ended Loans $5,756,280 $1,771,710,075
Number of Ended Loans 10,428 2,378,176
Delinquency Rate 14.10% 11.74%
Amount in Arrears $60,601 $11,302,177
Outstanding Portfolio $333,101 $96,293,849
Number of Loans Delinquent 870 50,859
Default Rate 0.54% 1.83%
Amount of Ended Loans Defaulted $31,200 $32,353,831
Number of Ended Loans Defaulted 163 84,926
Currency Exchange Loss Rate 2.53% 0.49%
Amount of Currency Exchange Loss $193,444 $12,017,791
Refund Rate 0.30% 0.54%
Amount of Refunded Loans $19,225 $10,526,300
Number of Refunded Loans 27 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 48.61% 78.24%
Average Loan Size $559 $392
Average Individual Loan Size $559 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $1,200 $5,599
Average Loan Size / GDP per capita (PPP) 46.59% 7.00%
Average Time to Fund a Loan 11.91 days 8.93 days
Average Dollars Raised Per Day Per Loan $46.94 $43.85
  Average Loan Term 16.8 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 363 1,178,858
  Journaling Rate 3.09% 42.23%
  Average Number of Comments Per Journal 0.42 0.02
  Average Number of Recommendations Per Journal 4.75 0.57

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 50% PY 68.00% PY 27.02% PY
  Profitability (return on assets) -1.75% 2.1% -3.10%
  Average Loan Size (% of per capita income) N/A 86.00% 0.00%

Country Fast Facts

Lending Partner Staff

Franscisco Alfredo Cuamba
Beatriz Mauro
Samora Sique