Last updated September 26, 2013

Partner Description:

Banco Pérola is a Brazilian non-profit (OSCIP) that offers microloans, with a focus on youth 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.



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.

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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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Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 17, 2013 Oct 12, 2005
Total Loans $32,300 $582,899,350
Amount of raised Inactive loans $0 $412,675
Number of raised Inactive loans 0 393
Amount of Paying Back Loans $26,650 $117,043,450
Number of Paying Back Loans 18 123,498
Amount of Ended Loans $5,650 $465,443,225
Number of Ended Loans 4 591,918
Delinquency Rate 0.00% 3.74%
Amount in Arrears $0 $2,841,615
Outstanding Portfolio $16,642 $76,065,484
Number of loanDelinquent 0 11,732
Default Rate 0.00% 1.15%
Amount of Ended Loans Defaulted $0 $5,334,744
Amount of Ended Loans $5,650 $465,443,225
Number of Ended Loans Defaulted 0 16,795
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $480,684
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,494,225
Number of Refunded Loans 0 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 54.55% 74.17%
Average Loan Size $1,468 $418
Average Individual Loan Size $1,468 $656
Average Group Loan Size $0 $1,827
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $10,720 $3,433
Average Loan Size / GDP per capita (PPP) 13.70% 12.19%
Average Time to Fund a Loan 0.23 days 5.56 days
Average Dollars Raised Per Day Per Loan $6,468.68 $75.30
  Average Loan Term 10.86 months 10.29 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 291,503
  Journaling Rate 16.67% 42.36%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.90

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 54% APR 44.00% PY 33.64% PY
  Profitability (return on assets) N/A 5.6% -1.40%
  Average Loan Size (% of per capita income) N/A 9.00% 41.35%

Country Fast Facts

Field Partner Staff

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