A loan of $825 helped to purchase construction materials (cement block)..


Augusto's story

Augusto was born in Matutuine, Maputo province. He is 28 years old, unmarried but living with his partner with whom he has 2 daughters. One is 7 years old and attends school. The other is 3. He also supports his paternal grandfather, his mother, and two younger sisters who live in Katembe N'sime, where the rest of his family lives.

He works in the district headquarters of the Frelimo Matutuine Party, as a public organizing and propaganda professional. He earns 8.300.00mt which he uses to purchase food, pay for school expenses, for his family, and savings.

He has never had a loan with other banks. His first loan with Hluvuku was for 8.000,00mt to make cement blocks. The second was for 12.000,00mt to purchase construction materials. The third was also to purchase construction materials to build a house of low quality materials in Bela-Vista. The fourth was for the purchase of a bed. This loan is for 22.000,00mt and will be used to purchase construction materials. In the future, Augusto would like to start a cattle business, purchasing and raising cattle. He will work with Hluvuku for the financing.

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Translated from Portuguese by Kiva volunteer Michele Magrino


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Loan details