Vanessa is 34 years old, married and has two children, one aged 14 and the other 17 years.
She did not complete her studies and has always worked in trade, selling a bit of everything.
She had her first child at 17 and went to work very early with her husband's help to support her child.
Today she is a reseller of cosmetics, she is a consultant and has other people working with her. Like many other companies and brands in this segment she sells from her home, as well as door to door, and already has a strong and loyal customer base.
Her husband is also an entrepreneur and sells sweets, snacks, candies, and chocolates to small grocery stores.
Recently they achieved the dream of buying their own home and now want to expand the business. With this loan, she wants to increase her supply to have a range of products in stock and ensure prompt delivery. Her business has lost a lot of sales by not having enough variety.
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.