This is our new loan of the week. We interviewed Antonio from Brazil who needs a loan for an exciting project. You can find his loan here.
Bitbond: What was your first encounter in Bitcoin?
Antonio: My first encounter with Bitcoin was actually some time ago. I have heard about Bitcoin a few years ago, but I have never given much attention to this subject. However, I was recently looking for alternatives to get a loan and I have found about bitcoin p2p lending. I found the whole idea behind p2p lending very exciting because it allows us to circumvent the traditional banking system, which in many circumstances I consider like the “Super predator” of the financial world. I don´t know much about other countries, but in Brazil, the rates for loans and credit cards can be extremely abusive. I also find bitcoin p2p lending interesting because it allow the investors to aid in the funding of promising projects and even personal loan requests that would be denied by the traditional banking system because of a restrictive score system which do not take into consideration a lot of important variables that are not incorporated in their analysis.
Bitbond: Do you feel that Bitcoin is widely known in your country, Brazil? Are there many places in your area that accept Bitcoin?
Antonio: Bitcoin is not widely known in Brazil. Places accepting bitcoins are scarce, but they are constantly increasing.
Bitbond: Could you let us know a bit about your professional background?
Antonio: Yes, but this is not quite related to Bitcoin. I am a pharmacist, MSc and Ph.D. in science at the University of São Paulo. I have worked 7 years as a basic science researcher at the Heart Institute (InCor) in São Paulo. Just as an academic curiosity, during this period, I have shown for the first time, that a combination of drugs used to treat cancer can be safely used to treat a vascular disease called atherosclerosis, when those drugs are carried by lipid nanoparticles. I have also worked for a year in a pharmacy. Currently, I work as a professor in a private university at São Paulo, where I teach chemistry and biochemistry. I also assist my wife Priscilla with her work at Intelligente Editora.
Antonio: I have applied for a loan through Bitbond because the interest rates are attractive and also for the possibility of long term loans, such as 12 months or even longer. As far as I know, those conditions are not present in other similar platforms. Some of them may have 12-months loans, but I don´t see those listings getting funded like I see at Bitbond. I went to Bitbond to borrow bitcoins, but I consider myself as an investor because the ultimate fate of those bitcoins will be to invest in a new promising company.
Bitbond: In your project description you mention that the resources will be used to invest in your wife’s business. Could you tell us a bit more about the company?
Antonio: Intelligente Editora e Desenvolvimento is a small and new company. The company is involved with the production of a content related to e-learning. There is an increasing demand for e-learning in Brazil. Intelligente is currently working to produce and sell 6 e-books, written in Portuguese, as well as printed versions of those books, printed by a third party company called Clube de Autores. They are also working to produce online courses, that will be available for purchase at Udemy, but those books and courses will be only in Portuguese for now. My wife is not a Bitcoin enthusiast like me. She does not understand much about Bitcoin and even has some doubts about it. This is why I took the initiative to go after the loans to invest in her company. But when she receives the money originated from the bitcoins as a form of investment, I think I will have her attention.
Bitbond: Who are the typical customers of the online publishing company Intelligente Editora that you want to support?
Antonio: The customers for now are exclusively Brazilian companies. The main customer at the moment is Kaptiva, a company somehow similar to Intelligente. In fact, my wife was the co-founder of Kaptiva, but she decided to sell her shares at Kaptiva and work independently by funding Intelligente. Nonetheless, the two companies work in collaboration. When Kaptiva is working on big projects and is overloaded, they hire Intelligente to aid in the development of the projects. Similarly, Didaxis, another e-learning company and a potential client, hires Kaptiva when they are overloaded with their big projects. Those companies, supposedly competitors, are actually working in close collaboration with each other. Apart from those collaborative works, the portfolio of clients include several companies, such as GERDAU, ESPM, SEST/SENAT, ABQV, Infraero, and even banks like Santander.