A loan of $775 helped purchase and sale of various products (drinks, soft drinks, etc.).

Rosita Da Conceicao De's story

Rosita da Conceição de M. was born in the city of Matola (22km from Boane heading towards the city of Maputo). She is 36 years old and has 2 children. Her older child is in the 7th grade in the Primary School of Boane. Rosita dropped out of school in the 9th grade due to health problems (she has vision problems). She is a single mother living with her children and her mother, whom she also supports.

For the past seven years she has had a small shop on the side of the main road that links Maputo-Boane and Namaacha. She has an employee who helps her sell beverages, soft drinks and other products that she buys 8 km from the sales location. The most popular product is beer and she earns about 900,00 MT per day that she uses to support her family. She saves 3.000,00 MT monthly in a commercial bank.

She has never had a loan through other banks and this is her second loan with Hluvuku-Adsema, which she learned about through friends. Her first loan was for 10.000,00 MT which she used to purchase more stock for her business. With the current loan of 20.000,00 MT she plans to increase the volume of her business by purchasing more beer, soft drinks, and other products.

She plans to pay off the loan without any problems in order to have access to future loans with the goal of expanding her busienss and improving her family's socio-economic situation.

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Translated from Portuguese by Kiva volunteer Michele Magrino

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