Tiago is 28, lives in São Paulo, is married, and has two daughters, a two-year-old and a five-month-old.
He likes to be with his family, goes to church on weekends and plays keyboard in a band. He sometimes works as a keyboard player at events to earn extra income, but his main business is as a locksmith.
Tiago won a place to build out his business from the mayor of his town, and now he needs to expand and develop a more professional business.
With the money, he will buy iron, machinery, ink, beams, and advertising material.
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.