Banco palmas e o microcrédito: um exemplo de sucesso
Harine Matos Maciel, Jair do Amaral Filho, Wlisses Matos Maciel
Latin American Journal of Development
Urban Farm DB summary
This case study of Banco Palmas, a solidarity financial system created in 1988 by the Residents Association of Conjunto Palmeira in Brazil, was conducted through documentary and bibliographic research. Banco Palmas pursues local, solidarity-based development in Conjunto Palmeira through microcredit and complementary programs — a training school, an incubator for women at risk, an urban agriculture laboratory, a local currency circulating in neighborhood stores, fairs with local producers, and a solidarity store — and the paper concludes that it demonstrates the feasibility of self-sustainable popular and solidarity development projects through microcredit that stimulates consumption and production within the neighborhood itself.