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Total loan: $400
Maputo, Maputo City, Mozambique / Clothing
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Margarida's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To buy clothing and food to sell.
Margarida da Conceicao D. was born in Maputo, she is 28 years old and has 2 children who are in school. She studied until the 6th grade and had to stop because of lack of financial resources (money for transportation). She lives in the house of her parents in law with her husband and children and no one else under her responsibility. She grew with her parents and siblings and when she was 16 years old she married her husband and always went out to the north of the country to buy products (peanut, corn, beans, butter). At her business she sells cereal and clothing and has more than 2 years of experience. She learned it from her mother in law. She sells more beans and butter that buy at 230,00MT and sells at 450,00MT and her monthly income is 9.000,00MT and is able to save 4.000,00MT a month. She delivers the cereal to to her clients when she arrives from the north of the country. Never had credit with other institutions and came to Hluvuku-Adsema thanks to the information given by friends, and requested her first loan for 10.000,00MT to buy diverse products. She expects to pay the loan without any trouble to request other loans to help her husband to finish the ground floor of a house.
Translated from Portuguese by Nina Delgado, Kiva Volunteer