Credit cooperatives are the main providers of microfinance in Brazil. Commercial banks, NGOs, and non-bank financial institutions  (such as microcredit societies (SCMs)) provide much of the remaining microfinance, but large segments of Brazilian society still do not have access to microfinance lending. A wide network of banking agents (also referred to as correspondents) exists and facilitates account opening, bank transfers, and loan disbursement.

The National Monetary Council is the main body issuing regulation, while the Central Bank of Brazil plays a supervisory role. In regard to credit cooperatives, the Central Bank monitors the capacity of central credit cooperatives that supervise their affiliate cooperatives.


04 August 2015
This paper draws from research conducted in Brazil, Colombia, Kenya, Mexico, Pakistan, Peru, the Philippines, Tanzania, and Uganda to look at how providers identify, classify, and manage risks related to the use of agents and how supervisors assess providers.
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English (49 pages) | French (55 pages)
30 October 2011

This report summarizes the findings of research conducted in Brazil on the business case for shifting Bolsa Família payments to a bank account-based (financially inclusive) payment scheme, from the standpoint of the payer bank, the recipients, and the program itself.

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English (64 pages)

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