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ARTICLE · 12 MAY 2011
Foreign Equity Investments In Microfinance Institutions In Brazil*
Walter Stuber Consultoria Jurídica
A Brazilian Microfinance Institution (MFI) must be set up as a Sociedade de Crédito ao Microempreendedor e à Empresa de Pequeno Porte (SCMEPP), a company governed by CMN Resolution nº 3.567, of May 29, 2008, issued by the Brazilian Monetary Council (Conselho Monetário Nacional - CMN), which is a legal entity subject to the authorization and supervision of the Central Bank of Brazil (Banco Central do Brasil - Bacen).
BrazilFinance and Banking
