Funded

Total loan: $675

Fraternidade Group

São Paulo, Brazil / Grocery Store

A loan helped a member to buy rice, beans, milk, and coffee to sell in her grocery store.

Fraternidade Group's story

Mercedes, in the striped shirt in the photo, is 46 years old, was born in Peru, and came to Brazil in search of a better life. She is single and has a son who is also an entrepreneur; he is alongside her in the photo. She was able to open a small grocery store in her house, where she works, and she is able to support herself with her sales. She needs to invest in buying products to diversify her merchandise in order to increase her earnings. She will invest the loan in buying rice, beans, milk, and coffee to sell in her grocery store.
Mercedes would like to thank the investors for this opportunity.

In this group: Mercedes, Ronaldo

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

A Mercedes, de camisa listrada na foto, tem 46 anos, nasceu no Peru, e veio para o Brasil em busca de uma vida melhor, é solteira e mãe de um filho que também é empreendedor, que está ao seu lado na foto. Ela conseguiu montar uma pequena mercearia em sua casa, onde trabalha e tira o seu sustento com as suas vendas, e precisa investir na compra de produtos para diversificar suas mercadorias, e com isso conseguir aumentar sua renda. Irá investir o crédito na compra de arroz, feijão, leite e café para vender em sua mercearia. A Mercedes agradece aos investidores pela oportunidade.

This loan is special because:

It gives refugees who have fled their home countries the opportunity to restart their lives in Brazil.

More about this loan

This loan helps refugees from various countries in Africa, the Middle East and Venezuela who have resettled in São Paulo, Brazil. It provides refugees access to financial services that are denied to them through traditional sources and other micro-finance institutions. Banco do Povo Crédito Solidário provides these loans to groups, consisting of both refugees and Brazilian nationals, to increase collaboration and lower discrimination between the two. By supporting this loan, you are helping refugees living in São Paulo develop their businesses, provide for their families and integrate into society.

About Banco do Povo Crédito Solidario:

Banco do Povo is a microfinance organization operating out of S�o 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.