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Apr 21, 2017 9:11 AM ET

Brazil: Geração Luz Group: A loan of $2,625 helps a member to buy condiments.

iCrowdNewswire - Apr 21, 2017

Geração Luz Group

Brazil
 
 
Borrower image
 

A loan of $2,625 helps a member to buy condiments.

Geração Luz Group’s story

The Geração Luz group has been a client of Banco do Povo Crédito Solidário (BPCS) bank for 4 months. It is a group made of 4 women who all live in the region of Santo André in São Paulo.

Jessica is a hairdresser. She has a beauty salon and needs a loan to buy products such as shampoo, rinse, and dyes in order to serve her customers. She has over 2 years of experience doing this and she wants to grow her salon.

Maria works selling dairy products. With the loan she is going to buy cheese and sweets and increase her sales. She sells her products at markets. She has worked for over 9 years.

Vandecléia has a stall and sells condiments at the market. With the loan she is going to buy more condiments and other assorted products to increase her sales.

Maria Aparecida is the group’s leader. She is married and has two children. She works to help support the household and to have her financial independence. Maria needs the loan to buy condiments. She also works selling her products in markets, and has over 15 years of experience. She is happy and fulfilled with her work.

The group wants to expand its activities, and thanks the investors for their help with this opportunity.

In this group: Jéssica , Maria Aparecida , Maria , Vadecléia

 

Translated from Portuguese by Kiva volunteer Kristin Fisher 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.

Contact Information:

Geração Luz Group

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