CRESOL, Credit Union


CRESOL | Credit Union

The Cresol System was established in 1996 in the state of Paraná, southern Brazil, as an attempt to provide credit and other financial and non-financial services to smallholder farmers in the region. With over EUR 1,500 million in assets, Cresol is the third largest cooperative group in Brazil.

Cresol has a very strong social impact, serving +23,500 small producers with loans and other financial products fully adapted to agricultural cycles. It has 72% of its portfolio dedicated to agricultural activities, reaching EUR 902 M in 2022.

The main crops being financed by Cresol Baser are soy (~10% of loan portfolio), corn (6%), wheat (3%) and coffee (2%), while with also funding livestock sectors (bovine, pig, sheep, poultry and pisciculture). Most of the rest of the agri-focused portfolio is dedicated to farm investment like equipment, maintenance, irrigation systems etc., which could also be applied to a diversity of crops.


Cresol has a formal environmental policy which specifies its environmental goals, targets, and indicators, having implemented an ESMS system that complies with the local regulation. The institution is implementing actions to increase energy efficiency, including the use of renewable energy sources and reduction of energy usage.

Cresol offers specific green loan products and promotes other environmentally friendly practices and activities among its entrepreneurship and agricultural training programs to clients.

Country: Brazil

Investment: EUR 12 millon

Investment type: Debt

Technical assistance: Pending

Investment date: Sep 2022

CRESOL map, Credit Union

Huruma: Transforming Lives

Huruma’s investment in Cresol aims to transform the lives of smallholder farmers through the following theory of change:

Input: EUR 12 MM focused on Agricultural financing.

Output: >EUR 12MM agricultural loans disbursed.

Outcome: Increase >2,400 farmers’ crop yields and >1,800 families’ rural income*.

(*) Metrics calculated on the basis of the study estimates ‘Understanding Impact Performance: Agriculture Investments’ (GIIN, 2020)
CRESOL, Credit Union