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Bringing Microfinance Services to the Poor : Crediamigo in Brazil

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dc.contributor.author Sirtaine, Sophie
dc.contributor.author Valente, Rita
dc.contributor.author Sanchez, Susana M.
dc.date.accessioned 2012-08-13T11:22:17Z
dc.date.available 2012-08-13T11:22:17Z
dc.date.issued 2002-08
dc.identifier.uri http://hdl.handle.net/10986/10405
dc.description.abstract Among policymakers and economists, there is a widely held perception that microenterprises1 face severe financing shortages that limit their growth opportunities. Resolving the problems of access to finance as well as the high cost of financing has become the main objective of many government programs. With a view to increasing access to credit for microenterprises in the Northeast Region of Brazil, the World Bank has supported Banco do Nordeste's CrediAmigo microfinance program since 1997. This note describes how Banco do Nordeste initiated CrediAmigo as part of its restructuring strategy and how the program has expanded to become the largest microfinance provider in Brazil. To date, many lessons have emerged, both from CrediAmigo and the World Bank project that supports the program. Brazilian private banks and non-bank financial institutions offer a variety of credit products targeted to micro and small enterprises. These products typically carry very high interest rates and require collateral. Banking networks also leave many areas, particularly poor and remote regions in the Northeast and North of Brazil, underserved. About 57 percent of all municipalities in these regions have no access to a bank branch, compared to a national average of around 30 percent. Although in many other Latin American countries, microfinance institutions have been able to partially fill the gap left by larger institutions, in Brazil, only a small fraction of the potential demand for microfinance appears to be satisfied by the current supply. en
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries en breve; No. 7
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject LOAN OFFICERS
dc.subject DEVELOPMENT BANKS
dc.subject SMALL ENTERPRISES
dc.subject MANAGEMENT INFORMATION SYSTEMS
dc.subject INTEREST PAYMENTS
dc.subject ECONOMISTS
dc.subject CREDIT LINES
dc.subject WORKING CAPITAL
dc.subject LOAN LOSSES
dc.subject PRODUCTIVITY
dc.subject COST OF FUNDS
dc.subject LOAN
dc.subject MICROFINANCE INSTITUTIONS
dc.subject LOANS BRANCHES
dc.subject POOR PEOPLE
dc.subject MICROENTERPRISES
dc.subject COMMITMENT
dc.subject COLLATERAL
dc.subject INTEREST INCOME
dc.subject SUSTAINABILITY
dc.subject PRIVATE BANKS
dc.subject INCOME DISTRIBUTION
dc.subject INTEREST RATES
dc.subject FIXED ASSET
dc.subject FINANCIAL INTERMEDIARIES
dc.subject LOAN SIZE
dc.subject FINANCIAL INSTITUTIONS
dc.subject INFLATION
dc.subject MICROFINANCE PROGRAMS
dc.subject MICROENTERPRISE FINANCE
dc.subject LENDERS
dc.subject GOVERNMENT PROGRAMS
dc.subject FINANCIAL SERVICES
dc.subject ENTREPRENEURS
dc.subject NET PROFIT
dc.subject MICROFINANCE
dc.subject SUBSIDIZED CREDIT
dc.subject PROFITABILITY
dc.subject EMPLOYMENT
dc.subject NONGOVERNMENTAL ORGANIZATION
dc.subject MICROFINANCE INSTITUTION SERVICES
dc.subject POLICYMAKERS
dc.subject SMALL LOANS
dc.subject MUNICIPALITIES
dc.subject RISK MANAGEMENT
dc.subject SUSTAINABLE MICROFINANCE
dc.subject EXPANSION
dc.subject MICROENTERPRISE
dc.subject TRANSACTION COSTS
dc.subject OUTREACH
dc.title Bringing Microfinance Services to the Poor : Crediamigo in Brazil en
dc.rights.holder World Bank


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