EOSS Consulting Supports The Launch Of The First Community Bank In Rio de Janeiro's City Of God
EOSS Consulting worked with the City of God Local Development Agency, Banco Palmas and government partners to design and structure its first community bank, expanding access to finance and promoting opportunities for entrepreneurs in one of Rio de Janeiro's most underserved areas.
- (1888PressRelease) September 25, 2011 - On Thursday 15, 2011, the first community bank of Rio de Janeiro was opened in the City of God (Cidade da Deus), an economically underdeveloped community in the West Zone of the city.
EOSS Director Silvia Regina de Almeida consulted the community's Agency of Local Development and other government and private entities in their effort to launch and start running the bank successfully over the last 9 months. EOSS will also support the agency going forward in their personnel and organizational development which will be crucial in their new endeavors and offer training programs for young entrepreneurs to support new businesses in the community.
In order to develop the local economy, the Community Bank of the City of God will operate with their own money, the social currency CDD (for Cidade de Deus). Each CDD is worth 1.2 Brazilian Real.
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