A loan of $1,125 helped to buy kitchenware (dishes, pots, flatware, and so on) for his shop.

Julio's story

Julio was born in the district of Manjacaze, in the province of Gaza in southern Mozambique. He is married and has three children. The two eldest attend school. He went to school through the sixth grade but had to drop out because of financial difficulties. He and his family live in their own home, and he isn't financially responsible for anyone outside his family.

He left Manjacaze for Maputo in search of a better life. He's had a business for more than eight years buying and selling kitchenware. He earns about 5,000 meticals a month, which he uses to cover household expenses. He is also able to save a small amount through Xitque (a traditional system of rotating savings) and in his bank account.
He has never had loans from other banks. He learned about Hluvuku from a friend who is also a client of the institution. This is his fourth loan with Hluvuku, in the amount of 30,000 meticals, with which he intends to buy kitchenware (dishes, pots, flatware, and so on) to increase the quantity of merchandise he carries. His other loans were in the amounts of 10,000, 12,000, and 15,000 meticals, which he also invested in his business.
He hopes to ask for further loans from Hluvuku to build a better commercial space for selling kitchen goods and hair extensions.

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Translated from Portuguese by Kiva volunteer Andrea Rosenberg

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