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Palmas Bank (Fortaleza - Brasil) - Sustainable Pangea - Sustainable development initiatives in Latin America
The Palmas Bank was founded in 1998 in the Conjunto Palmeiras (50.000 inhabitants), a Fortaleza slum, in the Brazilian nordeste. It is the combination of a complementary currency (today accepted by the 97% of shops and supermarkets in the Conjunto) and a social bank (whose activity is focussed on productive microcredit). They were the pioneers in the …