A loan of $1,000 helped to buy products (fish, eggs, peanuts, rice, etc.) to sell.

Lourino's story

Lourino was born in the city of Maputo, in the province of the same name in southern Mozambique. He is unmarried and has one son who goes to school. He went to school through the tenth grade but had to drop out because of financial difficulties. He lives in his own home with his family, and also supports two nephews who live with them.

He's lived in Boane since he was a child and has never left it. He's worked for the provincial government of Maputo for more than three years and has been a businessman for more than five, buying and selling a variety of products. He earns a salary of 3,500 meticals a month and has profits of about 10,000 meticals a month. He uses the money to cover household expenses and is able to save some in his bank account (BIM).
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 ninth loan with Hluvuku, in the amount of 26,000 meticals, which he will use to buy products (fish, eggs, peanuts, rice, etc.) to increase the quantity of merchandise he carries. His other loans were in the amounts of 14,478, 10,500, 17,655, 10,500, 20,519, 24,133, and 20,000 meticals, which he also invested in his business.
He hopes to ask for further loans from Hluvuku to expand his business and earn greater profits in the future.

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Translated from Portuguese by Kiva volunteer Andrea Rosenberg

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