Microbanco Confianca SA.
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 — 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 | $2,043,136,230 | |
Amount of raised Inactive loans | $0 | $315,725 | |
Number of raised Inactive loans | 0 | 154 | |
Amount of Paying Back Loans | $681,030 | $158,755,080 | |
Number of Paying Back Loans | 1,093 | 190,945 | |
Amount of Ended Loans | $5,766,330 | $1,843,276,930 | |
Number of Ended Loans | 10,446 | 2,482,141 | |
Delinquency Rate | 62.42% | 12.42% | |
Amount in Arrears | $167,421 | $12,118,257 | |
Outstanding Portfolio | $268,211 | $97,565,545 | |
Number of Loans Delinquent | 990 | 65,821 | |
Default Rate | 0.62% | 1.82% | |
Amount of Ended Loans Defaulted | $35,841 | $33,601,429 | |
Number of Ended Loans Defaulted | 181 | 88,741 | |
Currency Exchange Loss Rate | 2.53% | 0.47% | |
Amount of Currency Exchange Loss | $193,446 | $12,608,670 | |
Refund Rate | 0.30% | 0.54% | |
Amount of Refunded Loans | $19,225 | $10,936,620 | |
Number of Refunded Loans | 27 | 9,669 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 48.62% | 78.46% | |
---|---|---|---|
Average Loan Size | $559 | $393 | |
Average Individual Loan Size | $559 | $586 | |
Average Group Loan Size | $0 | $1,910 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $1,200 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 46.59% | 7.02% | |
Average Time to Fund a Loan | 11.91 days | 9.11 days | |
Average Dollars Raised Per Day Per Loan | $46.94 | $43.11 | |
Average Loan Term | 16.8 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 369 | 1,217,547 | |
---|---|---|---|
Journaling Rate | 2.99% | 41.90% | |
Average Number of Comments Per Journal | 0.42 | 0.02 | |
Average Number of Recommendations Per Journal | 4.68 | 0.55 |
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 | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | -1.75% | 2.1% | -1.35% | |
Average Loan Size (% of per capita income) | N/A | 86.00% | 0.00% |
Country Fast Facts
- Country:
- Mozambique
- Capital:
- Maputo
- Official Language:
- Emakhuwa 25.3%, Portuguese (official) 10.7%, Xichangana 10.3%, Cisena 7.5%, Elomwe 7%, Echuwabo 5.1%
- Population:
- 24,692,144
- Avg Annual Income:
- $1,200
- Labor Force:
- agriculture: 81%, industry: 6%, services: 13%
- Population Below Poverty Line:
- 52.00%
- Literacy Rate:
- 56.10%
- Infant Mortality Rate (per 1000):
- 72.42 deaths
- Life Expectancy:
- 52.6 years