Effectiveness evaluation report, v. 7, n. 21, dec. 2025

Title:	Effectiveness evaluation report, v. 7, n. 21, dec. 2025
Other Titles:	Strengthening local credit: an assessment of the impact of BNDES Procapcred in Brazilian municipalities
BNDES Authors:	Martini, Ricardo Agostini Peixoto, Sandro Garcia Duarte
Editor(s):	Banco Nacional de Desenvolvimento Econômico e Social (Brasil). Área de Relacionamento, Marketing e Cultura. Departamento de Relacionamento
Keywords:	Banco Nacional de Desenvolvimento Econômico e Social (BNDES) - Periódicos BNDES Procapcred - Periódicos Cooperativas de crédito - Brasil - Periódicos Instituições financeiras - Brasil - Periódicos Bancos - Brasil - Periódicos Avaliação de impacto - Periódicos Avaliação de impacto - Metodologia - Periódicos Créditos - Brasil - Periódicos Financiamento do desenvolvimento - Brasil - Municípios - Periódicos Brazilian Development Bank - Periodicals Banks and banking, Cooperative - Brazil - Periodicals Financial institutions - Brazil - Periodicals Banks and banking - Brazil - Periodicals Impact assessment - Periodicals Impact assessment - Methodology - Periodicals Credit - Brazil - Periodicals Development financing - Brazil - Counties - Periodicals
Issue Date:	Dec-2025
Place:	Rio de Janeiro
Publisher:	Banco Nacional de Desenvolvimento Econômico e Social
Description:	Credit cooperatives are important in mitigating credit constraints, especially in areas where banking services are scarce. In this sense, this work seeks to investigate the impact of the Credit Cooperative Capitalisation Program (BNDES Procapcred) on the strengthening of supported cooperatives, observing data at the municipal level. The program is based on granting financing for the acquisition of shares in individual credit cooperatives by their members, so that the contracted resources are transferred to the issuing cooperative. The program’s operation is carried out by the Brazilian Development Bank (BNDES) through indirect operations. From 2006 to 2024, BNDES Procapcred conducted 504,453 operations with 386,983 different cooperative members in 818 municipalities, with a total of BRL 6.2 billion in resources released, according to deflated values referring to 2024. The assessment considered the financial support between 2015 and 2023 and verified that BNDES Procapcred achieved its objectives. The support is associated with growth in the total number of cooperative members of +30.1%, with emphasis on individuals (+31.7%), in addition to the growth in the number of cooperative members with checking accounts (+23.7%), fixed term deposits (+38.8%) and credit operations (+66.5%). Greater effects were observed for higher intensity support and for municipalities with smaller populations, lower levels of urban hierarchy (that is, less centrality and greater dependence on services provided in other locations), lower Municipal Human Development Index (MHDI), and lower depth of the bank credit market. In other words, the municipalities most benefited by the program are precisely those less developed and more likely to suffer from credit restrictions. Thus, the results obtained in this evaluation point to the importance of maintaining and expanding BNDES Procapcred, extending its coverage throughout the Brazilian territory, in order to serve municipalities whose characteristics are associated with greater credit restrictions from sources other than cooperatives. Bibliografia: p. 43-46.
Reference:	Relatório de avaliação de efetividade, v. 7, n. 21, dez. 2025
Citation:	MARTINI, Ricardo Agostini; PEIXOTO, Sandro Garcia Duarte. Strengthening local credit: an assessment of the impact of BNDES Procapcred in Brazilian municipalitiess. Relatório de Avaliação de Efetividade, Rio de Janeiro, v. 7, n. 21, dez. 2025, ing., p. [1-]-51
Type:	Periódico
Genre:	Textual
URI:	http://web.bndes.gov.br/bib/jspui/handle/1408/29528
Date Available:	2026-04-07T19:14:07Z
Appears in Collections:	Produção BNDES - Effectiveness evaluation report