banquepalmas
@banquepalmas
Palmas Bank : "Viva Favela !" The rise of popular economy
Joaquim Melo created in 1998, in Brazil, the first “community bank”, a bank managed by the inhabitants of a disadvantaged district which combines microcredit and local currency to fight against poverty.
Inaugurated with only 2.000 reais, the Palmas Bank manages today a loan portfolio of almost 2 millions reais. And it created followers : 46 other communitarian banks were created upon its model in Brazil, and nearly 3.600 in Venezuela.
The history of the Palmas Bank is the result of an extraordinary human adventure which began in the early 1970s in Conjunto Palmeiras, a favela of Fortaleza. The inhabitants of this poor and isolated suburb invented, decade after decade, some original weapons to fight against their social exclusion, the contempt in which the public authorities maintained them and the lack of hope. They faced the dictatorship, forced the state government to give them access to water, urbanized all by themselves their district and created a bank against the opinion of the financial higher ranking authorities of the country.
In " Viva Favela! " , its testimony to be published, on October 15th, by the editions Michel Lafon, Joaquim Melo leads us the behind the scene of the invention of the Palmas system and pays tribute to the inhabitants of Conjunto Palmeiras who are the collective heroes of this fight against precariousness.
Join the "Palmas Bank Facebook Group" here : http://petitlien.com/face
And follow us on Twitter : http://twitter.com/banquepalmas
And for the updates : http://www.banquepalmas.fr
Joaquim Melo created in 1998, in Brazil, the first “community bank”, a bank managed by the inhabitants of a disadvantaged district which combines microcredit and local currency to fight against poverty.
Inaugurated with only 2.000 reais, the Palmas Bank manages today a loan portfolio of almost 2 millions reais. And it created followers : 46 other communitarian banks were created upon its model in Brazil, and nearly 3.600 in Venezuela.
The history of the Palmas Bank is the result of an extraordinary human adventure which began in the early 1970s in Conjunto Palmeiras, a favela of Fortaleza. The inhabitants of this poor and isolated suburb invented, decade after decade, some original weapons to fight against their social exclusion, the contempt in which the public authorities maintained them and the lack of hope. They faced the dictatorship, forced the state government to give them access to water, urbanized all by themselves their district and created a bank against the opinion of the financial higher ranking authorities of the country.
In " Viva Favela! " , its testimony to be published, on October 15th, by the editions Michel Lafon, Joaquim Melo leads us the behind the scene of the invention of the Palmas system and pays tribute to the inhabitants of Conjunto Palmeiras who are the collective heroes of this fight against precariousness.
Join the "Palmas Bank Facebook Group" here : http://petitlien.com/face
And follow us on Twitter : http://twitter.com/banquepalmas
And for the updates : http://www.banquepalmas.fr