Cooperativa dos Trabalhadores das Indústrias Metalúrgicas de Porto Alegre
in Brazil 🇧🇷
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About Cooperativa dos Trabalhadores das Indústrias Metalúrgicas de Porto Alegre in Brazil
Cooperativa dos Trabalhadores das Indústrias Metalúrgicas de Porto Alegre is a workers' credit cooperative serving metalworkers and their families in the Porto Alegre metropolitan region of Brazil. As a cooperativa de economia e crédito mútuo (mutual savings and credit cooperative), it operates as a member-owned financial institution focused on providing accessible financial services to workers in the metallurgical industries.
The cooperative follows the traditional cooperative banking model established in Brazil, where members pool their savings to create a common fund that provides credit to fellow members at favorable rates. This type of institution emerged in Brazil to address the financial needs of workers who often faced limited access to traditional banking services or were subject to exploitative lending practices.