A loan of $775 helped buy and sell products (oil, soap, peanuts, rice, and other).

Laurinda Moiane's story

She was born in the district of Manhiça, in Maputo, southern Mozambique. She is married and mother of 5, aged between 4 and 15 years old. Her children attend school, except for the younger one. She only completed the 4th grade, and couldn't continue studying due to her parent's financial distresses. She lives in her own house, and doesn't support anyone else besides her family.
She left Manhiça and moved to the city of Maputo, where she married her husband. She has her own business for over 15 years, selling supplies for essential needs, having an income of about $350/month, which she uses for family expenses and manages to save some in her bank account.
She never borrowed from another bank. She got to know Hluvuku through her neighbours, who are also clients in this institution. This is her second loan in the amount of $775, with which she intends to buy products (cooking oil, soap, peanuts, rice and others) to increase her stock. Her previous loan was in the amount of $525, used for trading purposes.
She is confident that she'll have no trouble paying for this loan, and intends to ask for other loans afterwards, to develop a business chicken breeding and trading.

Translated from Portuguese by Kiva volunteer Paula Faria

Loan details

Lenders and lending teams

Loan details