Banco do Nordeste (BNB), a large public bank active in the Northeast of Brazil, established CrediAmigo in November 1997 with technical assistance from the World Bank. Given the strong commitment of BNB's senior management to develop a sustainable microfinance program, in May 2000, the World Bank provided a United States (U.S.) 50 million dollars loan to strengthen the CrediAmigo program. The project addresses poor peoples lack of access to formal financial services, an important constraint to improved productivity and incomes. CrediAmigo offers loans to established micro-entrepreneurs for the financing of their working capital and fixed asset needs. CrediAmigo also offers individual loans and investment loans, and is currently piloting a village banking model to serve rural clients.
Details
-
Document Date
2005/12/13
-
Document Type
Brief
-
Report Number
92581
-
Volume No
1
-
Total Volume(s)
1
-
Country
-
Region
-
Disclosure Date
2015/02/18
-
Disclosure Status
Disclosed
-
Doc Name
CrediAmigo : providing financial services for the poor in Northeast Brazil
-
Keywords
public bank;formal financial service;concentration of poverty;years of schooling;source of funding;rural clients;sustainable microfinance;individual loan;microfinance loan;village banking;investment loan;fixed asset;Fixed Assets;working capital;Municipalities;micro-enterprise;micro-enterprise access;
- See More
Downloads
COMPLETE REPORT
Official version of document (may contain signatures, etc)
- DOCX
- Official PDF
- TXT*
- Total Downloads** :
- Download Stats
-
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.
Citation
CrediAmigo : providing financial services for the poor in Northeast Brazil (Arabic). Results profile Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/108351468014962885/CrediAmigo-providing-financial-services-for-the-poor-in-Northeast-Brazil