» Purposes

To strengthen the equity structure of agricultural, fishing, industrial and mining cooperatives (including agribusiness) by providing funds to allow these organizations to pay in shares.


» Clients

  Individuals working with production activities, such as rural producers, fishermen, industrials or miners; 

  Companies (legal entities) working with agricultural, fishing, industrial or mineral activities; and 

  Agriculture, fishing, industrial or mineral cooperatives planning to subsidize the full payment of shares through subsidized loans. 

  Miners or mining cooperatives that employ rudimentary mining or unauthorized digging are not eligible for support from the Program.

For qualification purposes, it will only be considered the following codes of activity of the beneficiary of the National Economic Activities Classification - CNAE - from IBGE: Sections A, B, C, G 46.2 and G 46.3.

Not eligile for support: cooperated or cooperatives of the mining sector that incorporate rudimentary process of mining or gold mining.


» Eligible items

The program finances the subscription and payment of shares of agricultural, fishing, industrial, and mineral cooperatives (including agribusiness) that have been operating for more than one (1) year. 


» Interest Rate 

Financial Cost + BNDES Spread + Accredited Financing Institution Spread. 

  Financial Cost: Long Term Interest Rate – TJLP; 

  BNDES Spread: 1% per annum; and

  Accredited Financing Institution Spread: up to 3% per annum.


» Level of Participation

Up to 100% of the share subscription amount, taking into account the following limits: 

  Per Individual: up to R$ 15,000, regardless of credits obtained in other official programs; 

  Per Company (legal entity): The amount of its shareholders’ equity or up to R$ 200 million, whichever is smaller; and 

  Per Cooperative: The amount of its shareholders’ equity or up to R$ 200 million, whichever is smaller, respecting the individual limit per cooperative member. 

The capitalization limit of the cooperative requesting subscription of its shares will not exceed R$ 200 million. 


» Maturity

120 months, including the 12 months’ grace period.  


» Guarantees and Collaterals

At the discretion of the Accredited Financing Institution and in compliance with the Brazilian Central Bank standards. 

Pledge of credit rights deriving from financial investments will not be accepted. 


» Special Conditions

  All funds received by the cooperative must be used according to the Capitalization Plan, provided that this use complies with the specific regulation that governs the sector, except for the purposes of paying expenses, which must be restricted to training courses for managers and employees and to the implementation and improvement of operational, managerial and control systems. 

  In order to contract the loan, the Accredited Financing Institution will request that the potential beneficiary mining cooperative submit a declaration stating that, under the penalties of the law, it does not employ rudimentary mining or unauthorized digging. This declaration should be attached to the operation’s papers; and 

  The shares subscribed through PROCAP-PRODUCTION must remain integrated to the capital of the issuing cooperative until the debt has been quitted. 


» Term of Loan

Up to 12/31/2010, within the budgetary limit allowed to the Program. 


» Application

The interested party should proceed to the accredited financial institution of preference that will offerinformation on the necessary documentation, analyze the possibility for the granting of credit, and negotiate the guarantees. After approval by the institution, the operation will be forwarded for appraisal and subsequent release of resources by the BNDES.