December 28th day of Credit Cooperatives
December 28th day of Credit Cooperatives in Brazil. This date was established to celebrate and promote the importance of credit cooperatives in economic and social strengthening, especially in local communities and less favored regions. The origin of credit cooperatives dates back to the 19th century, in Germany, where the first credit cooperatives emerged to meet the financial needs of small farmers and workers. In Brazil, credit cooperativism began at the beginning of the 20th century, inspired by these international movements and adapted to meet the demands of small rural producers and Brazilian workers.
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