CONFIANÇA is a microfinance institution that was originally a program of a local NGO, HLUVUKU, launched at the end of the 90s in a region south of Maputo, heavily marked by the civil war and the exodus it caused.
Mozambique is one of the poorest countries in the world. Half of its population lives below the poverty line, despite its considerable mineral (coal) and agricultural wealth and its hydroelectric potential. In 2021, the United Nations Development Programme ranked Mozambique as the seventh least developed country in the world according to the Human Development Index. Mozambique is also one of the five countries most affected by natural disasters. The country also suffers from an unstable political and security environment, particularly since the Islamist group Al-Shabaab launched its insurrection in 2017 in the Cabo Delgado region in the north.
With its roots in HLUVUKU, Confiança is a rural-oriented MFI. It operates mainly outside urban centres and targets the most disadvantaged sections of the population in one of the world’s poorest countries.