Last updated September 26, 2013

Partner Description:

Banco Pérola is a Brazilian non-profit (OSCIP) that offers microloans to youths aged 18 to 35 years old. Its borrowers come from lower and lower-middle class families, and are referred and endorsed by local social organizations.

In 2008, staff at Projeto Pérola, a social organization in Sorocaba (São Paulo state) realized that many of the youth that they served had entrepreneurial characteristics but lacked the capital to make their dreams come true. While Projeto Pérola offers trainings and educational courses to equip these youth with key life skills, it does not provide financial support. Banco Pérola was born to fill this need.
 

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Banco Pérola’s borrowers are endorsed and referred by local social organizations, namely Projeto Pérola. Projeto Pérola serves 50,000 people that fit Banco Pérola’s age group and target market. Of those 50,000, Projeto Pérola estimates that 19,920 have entrepreneurial characteristics and 14,778 are looking to open their own business.


Due to their age, their lack of credit history or their lack of established businesses, Banco Pérola’s borrowers are excluded from the traditional financial system. The organization currently funds a diverse range of businesses, but overall it does more than just provide microcredit: it offers opportunity. Prior to receiving a loan, each entrepreneur receives trainings on how to structure and manage their business. Banco Pérola analyzes the entrepreneurial potential of each potential borrower and assesses the required investment amount. The organization prides itself on its prompt service and streamlined processes. Unlike most lending institutions, Banco Pérola does not exclude borrowers who have bad credit or no credit and instead of real collateral, loans are backed by a solidarity guarantee between small groups of borrowers.


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Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 17, 2013 Oct 12, 2005
Total Loans $23,250 $537,835,100
Amount of Raised Inactive Loans $0 $320,475
Number Of Raised Inactive Loans 0 249
Amount of Paying Back Loans $21,400 $109,850,425
Number Of Paying Back Loans 17 113,387
Amount of Ended Loans $1,850 $427,664,200
Number Of Ended Loans 1 549,502
Delinquency Rate 0.00% 3.39%
Amount In Arrears $0 $2,403,768
Outstanding Portfolio $16,681 $70,950,902
Number of Loans Delinquent 0 10,653
Default Rate 0.00% 1.01%
Amount of Ended Loans Defaulted $0 $4,334,868
Amount of Ended Loans $1,850 $427,664,200
Number Of Ended Loans Defaulted 0 14,050
Currency Exchange Loss Rate 0.00% 0.06%
Amount of Currency Exchange Loss $0 $298,028
Refund Rate 0.00% 0.82%
Amount of Refunded Loans $0 $4,417,000
Number Of Refunded Loans 0 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 50.00% 74.09%
Average Loan Size $1,292 $417
Average Individual Loan Size $1,292 $656
Average Group Loan Size $0 $1,812
Average Number Of Entrepreneurs Per Group 0 8
Average GDP Per Capita (PPP) in Local Country $10,720 $3,463
Average Loan Size / GDP Per Capita (PPP) 12.05% 12.05%
Average Time To Fund A Loan 0.22 days 5.28 days
Average Dollars Raised Per Day Per Loan $5,899.16 $78.99
  Average Loan Term 10.75 months 10.05 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 268,526
  Journaling Rate 0.00% 42.10%
  Average Number Of Comments Per Journal 0.00 0.09
  Average Number Of Recommendations Per Journal 0.00 2.06

Kiva HelpBorrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield N/A N/A 34.93%
  Profitability (Return on Assets) N/A N/A -1.11%
  Average Loan Size (% of Per Capita Income) N/A 10.25% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

Leonardo Balter
Tatiana Galvão
Adriene Garcia Marins
Alessandra Gonçalves de França
Karen Otassu
Fabio R. Scaglione