A loan of $450 helped purchase products (alcoholic beverages, soft drinks, etc.).

Milo Luis's story

Milo Luis B. was born in the District of Namaacha, on the border with Swaziland in the western part of the Provicince of Maputo. He is 25 years old, and is a single worker, with no children. He attend school through the 10th grade and had to stop to enroll in a basic course of the PRM (Republic of Mozambique Police) He lives in his mother's home and supports her.

Milo completed a one-year basic course with the (PRM) Republic of Mozambique Police. After he completed the course he was hired by the Ministry of the Interior as a central guard. He has been working for over 5 years and makes 3.000.00MT monthly. Years after his father died, he received a payout and opened a business to help with the household expenses and increase the family income. He approached Hluvuku requesting a loan to increase the stock of products. His best selling product is alcohol namely 2M (beer), wine and servings of whisky. Each week he purchases 20 boxes of 2M for 248 each, 10 boxes of wine at 450 each, and 3 boxes of whisky at 900 each. He resells them for 330, 1200, and whiskey at 25 per serving, with 30 servings per bottle, respectively. He makes 6.000.00mt per month and has the help of one employee who is paid 1.500.00MT monthly. He saves 1.500.00MT per month in his bank account.

He has already had loans through another institution but decided not to continue with them due to the distance. This is Milo's second loan with Hluvuku and Kiva. The first was for 10.000.00MT which was used to increase his volume of products. These 15.000.00MT will be used for the same purpose, with the goal of meeting his customers' needs. He is confident that he will pay off the loan before it is due and request another loan to begin building his home.

Translator profile picture

Translated from Portuguese by Kiva volunteer Michele Magrino

Loan details

Lenders and lending teams

Loan details