A loan of $775 helped purchase of additional merchandise (rice, sugar, etc.).

Ernesto Mapipo's story

Ernesto Mapipo M. lives in Boane, Maputo province, in southern Mozambique. He has his own business buying and selling rice. His past loan was used for the planned purpose and was sufficient. He was able to make his payments and even paid some of his payments early.

His business has been going well lately, even though he suffered a robbery at his shop and it was a bit difficult to recover from it. The current loan is for 26.000.00mt, which he will use to purchase more products (rice, sugar, etc.) to increase his inventory. With the income from his business, he was able to improve his family's living conditions. The loan was satisfactory, and improved his life considerably. For this reason he is requesting an additional loan for his business, which has been his financial support.

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Translated from Portuguese by Kiva volunteer Michele Magrino

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