Piloncred
in Brazil 🇧🇷
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About Piloncred in Brazil
Piloncred is a mutual credit cooperative (Cooperativa de Economia e Crédito Mútuo) established specifically to serve employees of Usina Santa Maria, a sugar and ethanol production facility in Brazil. As an employee-based financial cooperative, Piloncred operates as a closed-bond institution, meaning membership is restricted to workers and staff of the mill.
The cooperative follows the cooperative principles of mutual assistance and democratic governance, where members are both owners and users of the financial services.
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