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

Lending Partner Staff

Samora Sique