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Additional Information

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.

About Brazil

  • $10,720
    Average annual income
  • 0
    View loans »
    Brazil Loans Fundraising
  • $99,125
    Funds lent in using Kiva
  • 2.2
    Brazil Reais (BRL) = $1 USD
Paying Back - Delinquent
A loan of $2,250 helped this borrower to buy a car and motorcycle to repair and resell.
60% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2013
Listed
Nov 5, 2013
Currency Exchange Loss:
Possible