Total loan: $575
Boane, Maputo, Maputo, Mozambique / Retail
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A loan helped to purchase goods to resell (fish, potatoes, juices, rice, peanuts and others).
Jeremias was born in Manjacaze, Gaza province, in southern Mozambique, is married and father of eight children, six of whom attend school and the other two are still not in school age. After completing fourth grade, he dropped out of school for lack of financial possibilities. He lives in his own house with his family and supports his sister by sending money to help with expenses. He has never left his homeland and he has been running a business for now twenty years; he buys and sells various products and he make a profit of about 2.500.00mt a month, that he uses for household expenses and saves something in his bank account (BIM). He had never requested a loan by other banks until he met Hluvuku through a friend who is also a client of this institution. This is his fourth loan by Hluvuku, of the amount of 15.000.00mt to be used to purchase products (fish, potatoes, juices, rice, peanuts, and others) to increase his supply stock. The previous loans were 15.000.00mt, 15.000.00mt and 10.000.00mt, all of them used for his business. He intends to expand his business and to refurbish his house to offer more comfort to his family, so in the future he will request further loans by Hluvuku.