Adding to basket
Mrs. Fáusia is 32 years old and married with her own home and business. She has one son who attends elementary school, and she does not hold a community leadership position.
With this loan, she intends to purchase beef to resell at her butcher shop. This is her second loan, and she invested the loan proceeds from her first loan in the same business. Her dream is to grow her business.
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Translated from Portuguese by Kiva volunteer Joana Bekerman. View original language description.
A Senhora Fáusia tem 32 anos de idade, vive maritalmente na casa própria, comerciante, tem 01 filho menor de idade que frequenta ensino primário e não exerce papel na comunidade. Com empréstimo pretende comprar carne bovina para a revenda. Trata se do seu segundo empréstimo e com o anterior investiu no mesmo negócio. Sonha em crescer mais no negócio.
This is loan is part of Microbanco Confianca’s effort to empower youth in Mozambique. With maximum repayment terms of 24 months, and maximum loan amounts of $12,000, this product is designed to helps borrowers purchase vehicles to transport goods across the South Africa/Mozambique border. By using the vehicle as collateral, Microbanco Confianca hopes to encourage more young entrepreneurs to apply, as they will need fewer guarantees. By funding this loan, you are helping a youth in Mozambique to generate an income for themselves and their families.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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