Cooferse

Cooferse is a cooperativa de crédito mútuo (mutual credit cooperative) serving workers in the iron ore extraction and basic metals industries in the Congonhas region of Minas Gerais, Brazil. As a mutual credit cooperative, Cooferse operates under the cooperative principles where members are both owners and users of the financial services.

The institution specifically caters to employees working in iron ore mining and basic metals extraction, industries that have been central to the economy of Minas Gerais since the colonial period. Cooferse provides financial services exclusively to its member-workers, helping them achieve better economic conditions through cooperative banking.