Cresol issues first Agribusiness Letter of Credit (LCA)

Cresol has been working hard to find partnerships and alternatives for raising resources that will stimulate the business of its members. This Thursday, May 19, Cresol Sicoper issued the first Agribusiness Letter of Credit (LCA), a financial title linked to credit rights originating from agribusiness.

With attractive remuneration and exemption from Income Tax (IR) for individuals on income and capital gains, the Agribusiness Letter of Credit (LCA) is an excellent option for investors.

Financial cooperatives are increasingly exploring their potential in the market, diversifying their portfolio of financial products and solutions. In this sense, the issuance of LCA Cresol will boost the business volume of cooperative members, and, consequently, contribute to the local economy, especially at this time of resumption of economic growth, where several sectors have experienced stagnation in recent periods.  

This is another milestone in the history of Cresol. It is credit cooperativism bringing development to members and their communities.