InstitutionClaim Cited
Banco Palmas
Residents of Conjunto Palmeiras built Banco Palmas to connect locally judged credit with neighborhood production and consumption, then adapted its paper currency to digital payments. Field studies document wider access mechanisms, public recognition, currency disuse, contested community legitimacy, and digital dependence without isolating the bank's effect on poverty or local welfare.
Can a neighborhood build financial infrastructure that keeps value circulating locally without reproducing the extraction and exclusion of conventional credit?