Maria Elizabete, 32 years old, was born in a poor family from northeast Brazil, and like many people in the same situation she came from the northeast of Brazil to the southeast: São Paulo (looking for better opportunities, work and quality of life). She’s married and came to Sorocaba with her husband. Maria has one small clothing store in her community and needs new clothes stock. Therefore, Maria requests R$ 3000,00 to grow her small clothing store. She appreciates the help of all.
About Banco Pérola:
This loan is administered by Kiva partner Banco Pérola, a non-profit organization that aims to contribute to social change in Brazil through the financial inclusion of young entrepreneurs. Banco Pérola is primarily focused on funding loans to young entrepreneurs (ages 18-35) in the Brazilian state of São Paulo. The organization is an off-shoot of Projeto Pérola, an NGO that offers youths trainings and educational courses on arts, culture, and digital media. Banco Pérola was created after staff observed that the youth served by Projeto Pérola had solid business ideas and the drive to execute them but were unable to fund their ideas due to their lack of credit history or collateral.
Banco Pérola joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.