Brazil favelas launch bank amid economic hit of pandemic
- il y a 3 ans
The economic toll of the coronavirus pandemic has hit especially hard in Brazil's favelas, but the country's 10 biggest now have a plan to fight back: they are launching their own bank.
Dubbed the "G10 Bank," the new financial institution is set to open in February, offering micro-loans to small business owners struggling to survive the pandemic and debit cards to those excluded from the traditional banking system.
Dubbed the "G10 Bank," the new financial institution is set to open in February, offering micro-loans to small business owners struggling to survive the pandemic and debit cards to those excluded from the traditional banking system.