The magazine Razão Social, from the newspaper O GLOBO, made a special report about Sitawi on the 31st of January. The article ?Social Funds under debate? highlights the importance of opening up credit to the third sector and places Sitawi as the greatest example of this mechanism. In addition, it discusses the social loans made by Sitawi, including the Instituto Feira Preta, the largest event for the dissemination of black culture in Latin America.
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Sitawi is a social organization of public interest (OSCIP) active in the development of innovative financial solutions for positive socio-environmental impact. Among its different initiatives, Sitawi has developed the Sitawi Collective Loan Platform in conjunction with Mova Sociedade de Lending between People SA ("Mova"). Within the scope of the digital platform, Sitawi acts as Mova's bank correspondent to facilitate the loan contracting process, following the guidelines of CMN Resolution No. 3,954 and, as of February/22, also of CMN Resolution No. 4,935, both published Brazilian central bank. Mova is a financial institution duly approved and authorized by the Central Bank of Brazil to carry out financial intermediation between people, under the terms of Resolution CMN 4,656. To contact Mova's Ombudsman, call 0800 701 0412.2022.2022.
