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Aug 3, 2016 8:42 EST

Brazil – Tudo Vai Dar Certo Group: A loan of $4,025 helps a member to buy sweets and savory pastries, and to renovate her business.

iCrowdNewswire - Aug 3, 2016

Tudo Vai Dar Certo Group

Brazil
 
Santo André, Brazil / Party Supplies
 

Tudo Vai Dar Certo Group’s story

The “Tudo Vai Dar Certo” (“Everything is Going to Be Alright”) group is formed by seven women. They are all friends and live in the same community, Jardim Santo André in São Paulo. The group met each other 30 years ago and they have been clients of Banco do Povo Crédito Solidário (BPCS, People’s Bank – Credit in Solidarity) for the last seven years. Diva is a seamstress, Edna is a hair stylist and sells savory pastries, Maria do Socorro has a clothing store and sells cosmetics, Maria is a hair stylist, Suely is a manicurist and Valdecir is a massage therapist.

Rosangela is the leader of the group. She is 50 years old and lives with her parents. She has a party store; she has worked with this business for ten years and helps support her family. She is very intelligent and creative, and she likes what she does. Rosangela needs the loan to buy sweets and savory pastries, and to renovate her business. The extra income will allow her to buy more merchandise and to expand her party store. In the future she plans to buy a car and take a trip with her parents. The group is happy with the support it received from the investors and would like to thank them for trusting in them.

In this group: Diva , Edna , Maria Do Socorro, Maria , Rosangela , Suely , Valdecir
*not pictured 

Translated from Portuguese by Kiva volunteer Tricia Perry View original language description 

This loan is special because:

This is one of few affordable credit options for low-income borrowers in São Paulo, Brazil. 

Kate
Kiva staff 

More about this loan 

About Banco do Povo Crédito Solidario:

Banco do Povo is a microfinance organization operating out of São Paulo offering microfinance loans to populations with little or no access to financial services.

Banco do Povo offers 3 different loans through their microlending program, on both group and individual levels. Additionally, they seek to expand microfinance in Brazil by assisting communities and organizations interested in starting or growing microlending programs.

A loan of $4,025 helps a member to buy sweets and savory pastries, and to renovate her business.

Contact Information:

Tudo Vai Dar Certo Group

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