USD 2 million to help Brazilian SMEs scale up

Brazilian small and medium enterprises (SMEs) will now be able to scale up following Oikocredit’s new partnership with financial services platform Ailos. 

This partnership involves an initial loan agreement with two Ailos affiliates, Acredicoop and Evolua. Each receives USD 1 million to support SMEs in Joinville, SC, and Francisco Beltrão, PR. 

Ailos provides direct financing, channels funds from the Brazilian National Development Bank (BNDES), and extends technological and operational support, nurturing solid growth for both cooperatives. 

The collaboration is the first step for Oikocredit and Ailos to build a robust working relationship and gather valuable experience for future ventures. This includes raising new funds, and providing access to international investors, said André Luiz Greboge, Ailos Capture and Interfinancial Transfers team leader. 

The financing was disbursed in May. 

Brazilian MSMEs face a deep financing gap of approximately $440 billion, according to the World Bank.  

For more information, read our press release.