A loan of $725 helped to purchase goods for selling (peanuts, beans, oil, beer, juices, etc.).

Carlos's story

He was born in the district of Namaacha, province of Maputo, southern Mozambique. He's married and has two children, both of which attend school. He completed 2nd grade and stopped because his parents lacked financial conditions. He lives with his family in a house he owns and does not support anyone else.
He has been a businessman for over 10 years. He sells various products and earns an income of about 5.000mt. He uses it to pay for home expenses and also saves part of it in his bank account.
He has never had loans with other banks. He first heard of Hluvuku through a friend who is also a client of this institution. This is his second loan with Hluvuku. It is for 20.000mt, which he intends to use to purchase goods in order to increase the quantity of his merchandise (peanuts, beans, oil, beer, juice, etc.).
He pledges to make his repayments as scheduled. In the future he plans to purchase a truck to help him transport his merchandise. For that purpose he plans to request more loans from Hluvuku.

Translated from Portuguese by Kiva volunteer Renata Wolff

Loan details

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Loan details