Question 1

What is Cresol Jacinto Machado?

Accepted Answer

Cresol Jacinto Machado is a credit cooperative serving the municipality of Jacinto Machado and surrounding areas in southern Brazil. The cooperative is part of the Cresol System, one of Brazil's largest cooperative financial networks, specializing in solidarity-based rural credit for family farmers and local communities.

As a singular cooperative within the Cresol network, it operates with local autonomy while benefiting from the infrastructure and support of a system that serves over one million members across 19 Brazilian states.

Question 2

When was Cresol Jacinto Machado founded?

Accepted Answer

While the specific founding date of Cresol Jacinto Machado is not publicly documented, it is part of the broader Cresol System, which was founded in 1995 in Paraná. The Cresol movement began on June 24, 1995, when family farmers in Dois Vizinhos established the first cooperative.

The system expanded to Santa Catarina in 1999, when cooperatives in municipalities including Abelardo Luz and others joined the movement. Cresol Jacinto Machado was established as part of this expansion, bringing the cooperative banking model to the southern region of Santa Catarina.

Question 3

Where is Cresol Jacinto Machado headquartered?

Accepted Answer

Cresol Jacinto Machado is based in the municipality of Jacinto Machado, located in southern Santa Catarina state, Brazil. Jacinto Machado is a small municipality in the Serra Catarinense region, near the border with Rio Grande do Sul.

Question 4

Where does Cresol Jacinto Machado operate?

Accepted Answer

Cresol Jacinto Machado operates primarily in the municipality of Jacinto Machado and potentially neighboring communities in southern Santa Catarina. The cooperative serves a predominantly rural area with a strong agricultural economy.

As part of the Cresol System, members can also access services through other Cresol cooperatives and benefit from the network's extensive presence across southern Brazil and beyond.

Question 5

What services does Cresol Jacinto Machado offer?

Accepted Answer

Cresol Jacinto Machado provides comprehensive financial services including current accounts for individuals and businesses, savings and investment products, credit facilities (agricultural credit, personal loans, business financing), debit and credit cards, and insurance products through Cresol partnerships.

The cooperative specializes in agricultural financing tailored to family farmers, with credit products designed to match agricultural production cycles. Through the Cresol System's accreditation with BNDES, the cooperative can offer development financing with favorable terms for agricultural and small business investments.

Digital banking services include mobile applications and internet banking platforms, allowing members to perform transactions, check balances, make payments, and access account services remotely. The cooperative also provides financial education programs to promote cooperative principles and financial literacy.

Question 6

What makes Cresol Jacinto Machado unique?

Accepted Answer

Cresol Jacinto Machado operates according to the Cresol System's solidarity-based cooperative model (interação solidária), which emphasizes decentralized decision-making, local autonomy, and mutual support among cooperatives. This approach allows the cooperative to remain closely connected to its community while accessing the resources of a large national network.

The cooperative is member-owned and democratically governed, with members participating in assemblies and sharing in the cooperative's results proportionally to their activity. This structure ensures that the institution serves member interests rather than external shareholders.

Through its affiliation with the Cresol System, the cooperative benefits from significant institutional support, including access to international development financing. In 2024, IDB Invest and DEG committed $85 million to Cresol to expand credit access for low-income individuals and MSMEs, with emphasis on sustainable agriculture.

Question 7

What type of financial institution is Cresol Jacinto Machado?

Accepted Answer

Cresol Jacinto Machado is classified as a Cooperativa de Crédito e Economia com Interação Solidária (Credit and Economy Cooperative with Solidarity Interaction) under Brazilian law. This classification reflects its focus on providing credit and economic services through a solidarity-based cooperative model.

The cooperative operates under the regulation and supervision of the Banco Central do Brasil, adhering to the same regulatory framework that governs all financial institutions in Brazil. Cresol Jacinto Machado is affiliated with Cresol Central Brasil, which provides operational support, compliance oversight, and centralized services to member cooperatives in the Cresol System.

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