A loan of $725 helped to buy more beer, wine and soda to sell at his store.

Armando's story

Born in Zavala, district of Inhambane in the province of the same name, 46 year-old Armando Q. is married and the father of four children ages 27, 25, 12 and 10. His studies were interrupted in 8th Grade, when he had to fulfill his military service duties.

He lives with his family at a rental house in Boane, and also supports his mother, who lives in Zavala, by regularly sending her money and groceries.

He moved from Zavala to Boane with his family as a child, when his parents were looking for work and a better life. He has owned a grocery store for 18 years, and currently has three people working for him. His bestselling items are beer, wine and soda. He's learned about the business with his late father. He currently makes 7.000.00 mt per month, and always manages to put some money into a savings account at BIM (Commercial Bank of Mozambique). His wife has her own business of selling used clothes.

He has had loans with SOCREMO in the past but stopped being a client a while back, for personal reasons. He learned about Hluvuku through a friend and this is the third time he's applying for a loan. He will use the 20.000.00mt to buy more beverages to sell. His previous loans were in the amount of 8.500.00mt and 13.000.00mt and also used to increase his stock.

He expects to pay off his loan without a problem and plans to apply for more credit in the future, to start a poultry business.

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Translated from Portuguese by Kiva volunteer Aline Pereira

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