Banco Palmas

Banco Palmas is a community bank that offers microcredit and capacity building to entrepreneurs, and helps build partnerships and supply chains for its clients.  The bank is part of the Instituto Palmas that is an OSCIP created for the dwellers of Conjunto Palmeira (Fortaleza, CE).

Problem: The bank’s resources were not sufficient to attend the demand for microcredit in the region, limiting their potential impact.

Solution:  SITAWI lent Banco Palmas R$150k to support its growing volume of clients.

Social Impact:  SITAWI´s loan supported more than 70 micro entrepreneurs in Palmeiras, diversifying the banks revenue sources and diminishing operational and organizational risk.

Banco Palmas has since repaid its loan to SITAWI´s fund, and the capital continues to transform more lives!