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Banco Palmas receives the visit of the researchers from CALACS

On Tuesday (18), the Indian students Aakanksha Lohia and Sanjana Medipally, from Center for African, Latin American and Caribbean Studies (CALACS) of the O.P. Jindal Global University, visited Banco Palmas. The visit is part of the’Doing Business in LAC ‘program, training aimed at Indian executives interested in joining or expanding business in Latin America and the Caribbean. The program is an initiative of the Brazil Africa Institute in partnership with O. P. Jindal Global University (JGU) and is supported by the Confederation of Indian Industry (CII). During the month of July, the two researchers will meet with representatives of public authorities, class entities, banks and other organizations based in the cities of Fortaleza and São Paulo.

Banco Palmas is a community bank founded in 1998 in Conjunto Palmeira, a neighborhood of 32,000 inhabitants located on the outskirts of Fortaleza and operating under the principle of solidarity economy. In addition to creating digital coins, promoting loans for small enterprises and promoting projects for the development of poor areas, the bank helps to create other community banks in Brazil and in other countries and stimulates digital entrepreneurship. During the visit, the two researchers were able to know the history of the bank and the projects developed there.

In the images: the researchers are accompanied by Asier Ansorena, Credit and Innovation Director of Banco Palmas.