Bittencourt, the Ministério da Fazenda, says that diversity makes Brazil innovative in the way of acting. The reference country is successful in two experiments: CrediAmigo and banking correspondents, from petrol stations to lottery outlets or supermarkets that offer some financial services. The correspondent went from 70,000 in 2002 to 180,000 in 2010, and is the [...]
Tied to economic performance? The current landscape of microfinance in Brazil is related to improved macroeconomic conditions. There is a promising market in the 20 million Brazilians out of poverty and into the middle class in recent years, which concentrates 31% of revenues in the country.”The future belongs to the working classes”, Frederico Celentano, Micro [...]