Provi

In Brazil, 13 million people are unemployed. Of these, 4.1 million are young adults (18 to 24 years old). Currently in Brazil, only those with credit history can take a loan; yet young people cannot create a history of payments if their student loan is not approved by the system

Provi aims to break this cycle. It provides tailor-made credit at low to zero interest rates, enabling young people to undertake transformational courses. Provi partners with top educational players, focusing on short courses in skills that are highly applied in the market and lead to higher employability and increase in salary.

Over 1,800 students have already been offered accessible credit by Provi to perform life-changing courses. The majority of those are from lower-income backgrounds (51% from classes C, D or E), and have their own business or are seeking a first job or better remuneration. Provi’s loans are allowing these groups to gain increased education and achieve their professional goals.