Agnaldo, 33, came to Sorocaba 12 years ago and began to shine shoes to help his family. He stayed for 10 years in this profession until he met a client who helped him find work as a driver in his company. He learned to drive a truck and still works in this field. At age 18 he married Alessandra, they have a daughter who is now 11 years old, and a stepson who is 20 years old. His wife works as a housemaid and sells clothes. Agnaldo always liked cars, and to supplement the family income he began buying beat up old cars and motorcycles with problems, which he refurbishes and resells. He will use this loan to buy a car and motorcycle to repair and resell.
He has borrowed from Banco Pérola before and has an excellent track record with the institution, with no late payment installments, and he has shown himself to be very devoted during the monitoring process. He has an entrepreneurial spirit and is a great seller.
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.