Maycon, 18 years old, has a beautiful, sorrowful and inspiring story. When he was a child he was abandoned by his parents. He has lived a difficult infancy because he lived in many houses, with many people (his uncles, grandfather, and grandmother, for example).
When he was 16 years old he was adopted by his uncle, because the uncle wanted to give him an education, help him learn a profession, provide better quality of life and care for Maycon.
Now, Maycon has a profession: industrial painter. Maycon is a good lad, he has a girlfriend and is a very responsible worker. This loan is to start his own industrial painting business. He will use the money to buy an air compressor and a paint gun.
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.