Loans to SMEs

Since the beginning of the pandemic, cooperatives have led the granting of credit for small businesses, accounting for 31% of the success rates of applications. The data is part of a research conducted by Sebrae and the Getúlio Vargas Foundation (FGV). According to the study, public and private banks were the institutions most sought after by entrepreneurs, but total only 21% of the approval rates of loans. Currently, Brazil has more than 11.8 million people associated with credit unions, of which 1.3 million are in the state of São Paulo. According to the entity, the number of members has grown, on average, 10% per year. The survey was conducted between April 30 and May 5, with 10,384 micro and small enterprises and individual microentrepreneurs (MEI) from all over the country.