Funded

Total loan: $950
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Augusta

Mozambique
Boane, Maputo, Mozambique / General Store

A loan of $950 helped increased retail stock.


Augusta's story

Augusta is 56 years old, married and has four children between the ages of 19 and 29. She is originally from Inhambine, located on the central coast of Mozambique, but moved to Maputo in 1987 when her husband was transferred there for work.

Augusta graduated from high school and began her studies in economics at the university level, but was forced to leave after her second year in order to take care of her children. Since 1997 she has had a business selling used clothes, charcoal and beverages and currently employs two assistants. Her most popular products are soft drinks and beer, which she buys wholesale and sells at retail prices.

Augusta has previously taken out loans with the organization GTZ; this will be her first loan with Hluvuku, a Kiva partner. She intends to use this loan to increase her business' inventory to meet the demands of her clientele. In the near future, she would like to open a second point of sale for her business in order to increase profits. She currently is working out of a stall, but dreams of opening a store of her own.


Loan details

Loan length:

17 months
Disbursed date: June 16, 2009

Lenders and lending teams



Loan details

Loan length:

17 months
Disbursed date: June 16, 2009