AFEAM - Agência de Fomento do Estado do Amazonas

What AFEAM - Agência de Fomento do Estado do Amazonas does

AFEAM - Agência de Fomento do Estado do Amazonas S.A. is a state-owned, non-bank financial institution established by Lei Estadual nº 2.505/1998 and supervised by the Banco Central do Brasil, operating exclusively within Amazonas State, Brazil. Its statutory mandate is to finance productive activities that promote sustainable regional development, generate employment and income, and improve quality of life for the Amazonian population. AFEAM operates as a development finance agency rather than a commercial bank, serving borrowers underserved by private credit markets — micro and small entrepreneurs (MEI), rural producers, SMEs, indigenous communities, the elderly, persons with disabilities, women, and tourism operators — through a portfolio of branded programs including +Crédito Amazonas, +Manejo Florestal, Promecanização, Procalcário, AFEAM + Energia Sustentável, AFEAM MAIS, and INOVACRED.

The agency's operating model combines direct in-person service (headquarters in Manaus plus service posts in interior municipalities such as Manicoré, Manacapuru, Tefé, Rio Preto da Eva, Itacoatiara, Parintins, Iranduba, and Presidente Figueiredo) with a digital self-service layer (Portal do Cliente, online financing simulator, second boleto with PIX, proposal tracking) and a referral network of state technical partners (SEBRAE, SEJUSC, SEAS, SETEMP/SINE Amazonas, AMAZONASTUR, FEPIAM, FPS, SEMIG). Core technology infrastructure is delivered through third-party contracts with SISPRO S/A (ERP, R$ 629K contract), PRODAM (IaaS, R$ 195K contract), and Banco Bradesco (42-month banking services). AFEAM is 100% owned by the Government of Amazonas, organized as a closed corporation (sociedade anônima de capital fechado), and has operated for 25+ years with a headcount of approximately 103 employees.

AFEAM's revenue mechanics are anchored in interest income from its loan portfolio, with pricing determined through individual credit analysis rather than published rate cards. As a public development finance institution, AFEAM's financial performance is reported through official government transparency portals rather than public IR channels, and it functions within the State's policy and budget cycle, prioritizing social and developmental impact alongside financial sustainability.

Name

AFEAM - Agência de Fomento do Estado do Amazonas

Legal name

AFEAM - Agência de Fomento do Estado do Amazonas S.A.

Website

https://afeam.am.gov.br

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

AFEAM is the state-owned development finance agency of Amazonas, Brazil, providing credit and financial services to micro-entrepreneurs, rural producers, small businesses, and underserved populations through direct service posts, partner agencies, and digital channels.

Ownership category

akta.pro rank

Product category

Development Finance

NAICS

Nondepository Credit Intermediation (5222), Consumer Lending (522291), Other Nondepository Credit Intermediation (52229)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141)

akta.pro primary industry

SME Lending Platforms & Embedded SME Credit (FSAKAGAJ)

akta.pro secondary industries

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), Order-to-Cash (O2C) Operations (Order Admin, Credit, Invoicing, Collections Handoff) (BPAAAGAK)

Keywords

• Development finance
• Microcredit lending
• Rural credit
• Sme financing
• State development banking

Headquarters

HQ city

Manaus

HQ country

Brazil

HQ region

Latin America

Offices23 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Credit Interest Income: AFEAM generates revenue primarily through interest charged on financing operations extended to individuals and businesses across Amazonas State. As a non-bank financial institution (instituição financeira não bancária) supervised by the Banco Central do Brasil, AFEAM collects interest on loans extended under its various credit product lines including +Crédito Amazonas, rural credit, and corporate credit programs.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

AFEAM is a state-owned, non-bank development finance institution that extends credit lines to individuals and legal entities across Amazonas State, Brazil. Its core offering is the +Crédito Amazonas umbrella of financing products, which includes rural credit (forest management, mechanization, limestone), business financing (AFEAM MAIS, INOVACRED, AFEAM + Energia Sustentável), and targeted social credit programs (Crédito Rosa, +Crédito Inclusão, +Crédito Povos Originários, +Crédito Turismo). Supporting services include online financing simulation, client portal access, debt renegotiation, PIX-enabled boleto payment, proposal tracking, and financial education in partnership with SEBRAE/AM.

Product overview

AFEAM - Agência de Fomento do Estado do Amazonas S.A. is a non-bank financial institution (institution financière non bancaire) that operates as a development financing agency for the State of Amazonas, Brazil. The company offers a unified portfolio of financing products centered on the +Crédito Amazonas program, which encompasses multiple credit lines for both individuals (rural credit) and legal entities. The product portfolio includes specialized sub-products such as +MANEJO FLORESTAL (sustainable forest management), PROMECANIZAÇÃO (agricultural mechanization), PROCALCÁRIO (agricultural limestone), AFEAM + ENERGIA SUSTENTÁVEL (sustainable energy), AFEAM MAIS (general business financing), and INOVACRED (innovation financing). Supporting services include digital channels for debt renegotiation, payment slips with PIX, simplified statements, proposal tracking, client portal access, financing simulation, whistleblower channel, and financial education resources.

Differentiator

Problem solved

Functional benefit

Brands

• +Crédito Amazonas: Main credit product line for individuals including rural credit, sustainable energy financing, and general credit offerings.
• AFEAM + ENERGIA SUSTENTÁVEL
• AFEAM MAIS
• INOVACRED
• CRÉDITO RURAL
• SEJUSC +Crédito Inclusão
• SEJUSC Empreender no Envelhecer
• SEAS Crédito Rosa
• AMAZONASTUR +Crédito Turismo
• FEPIAM Povos Originários
• FPS Crédito Solidário
• SETEMP Empreendedorismo

Products and services

• +Crédito Amazonas

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• SEBRAE AmazonascoreStrategic or Co-development PartnerSEBRAE (Serviço Brasileiro de Apoio às Micro e Pequenas Empresas) is a key technical partner providing business development support and financial education content for AFEAM borrowers. SEBRAE operates in both capital (Manaus) and interior of Amazonas. Contact: WhatsApp (92) 98420-2144. SEBRAE provides pre-credit counseling and referral of micro and small entrepreneurs to AFEAM credit products.
• SEAS – Secretaria de Estado da Assistência Social e Combate à FomecoreStrategic or Co-development PartnerPartnership for the Crédito Rosa program, providing credit to vulnerable populations supported by SEAS. Office: Av. Darcy Vargas, 77 – Chapada, Manaus – AM. Hours: Monday to Friday 8h to 16h. Capital contact: (92) 99534-9691. Interior contact: (92) 99280-0343.
• SEJUSC PAC – Postos de Atendimento ao CidadãocoreChannel Partner/ Reseller/ DistributorSEJUSC (Secretaria de Estado de Justiça, do Consumidor e Direitos Humanos) operates multiple PAC (Posto de Atendimento ao Cidadão) locations across Amazonas that serve as front-office service points for AFEAM credit products. Locations include: PAC STUDIO 5 (Distrito Industrial I), PAC PARQUE 10, PAC SÃO JOSÉ, PAC CIDADE LESTE, PAC VIA NORTE, PAC ALVORADA, PAC COMPENSA, PAC SUMAÚMA (Cidade Nova), PAC PARINTINS, PAC ITACOATIARA, PAC IRANDUBA, PAC TEFÉ, and PAC PRESIDENTE FIGUEIREDO.
• SEJUSC – Secretaria de Estado de Justiça, do Consumidor e Direitos HumanoscoreStrategic or Co-development PartnerSEJUSC administers specialized credit programs for vulnerable populations including Empreender no Envelhecer (elderly entrepreneurs), +Crédito Inclusão (persons with disabilities), and PAC locations. In-person atendimento at SEADPI (Rua Marquês de Quixeramobim, 210, Parque das Laranjeiras) and multiple PAC locations.
• SETEMP – Secretaria de Estado do Trabalho (SINE Amazonas)minorChannel Partner/ Reseller/ DistributorPartnership for the Empreendedorismo program. SETEMP/SINE Amazonas provides in-person and online (WhatsApp: (92) 98576-4102) atendimento for AFEAM credit referrals at its headquarters (Avenida Djalma Batista, 1018, Chapada).
• AMAZONASTUR – Empresa Estadual de Turismo do AmazonasminorStrategic or Co-development PartnerPartnership for the +Crédito Turismo program supporting tourism sector businesses in Amazonas. AMAZONASTUR is located at Avenida Santos Dumont, 1350 – Tarumã, in front of Eduardo Gomes International Airport. Hours: Monday to Thursday 8h to 14h, Friday 8h to 11h.
• FEPIAM – Fundação Estadual dos Povos Indígenas do AmazonascoreStrategic or Co-development PartnerPartnership for +Crédito Povos Originários program providing credit to indigenous communities. FEPIAM is located at Avenida Torquato Tapajós, s/nº, Colônia Terra Nova, zona Norte, Manaus. Contact: [email protected] / WhatsApp (92) 98640-3327. Hours: Monday to Friday 8h to 14h.
• FPS – Fundo de Promoção Social do Amazonas (Crédito Solidário)minorStrategic or Co-development PartnerPartnership for FPS Crédito Solidário program. Contact: phone (92) 3303-8365 or WhatsApp (92) 99173-3308 / (92) 99472-3425. Email: [email protected]. Social media: Instagram @fpsamazonas, Facebook fpsamazonas.
• SEMIG – Secretaria de Estado de Mineração e Gás (Kit Gás)minorStrategic or Co-development PartnerPartnership for the Kit Gás program (cooking gas subsidy assistance). SEMIG is located at Avenida Joaquim Nabuco, 1193, Centro, Manaus – AM, CEP 69020-030. Hours: Monday to Friday 8h to 14h. Email: [email protected].
• SISPRO S/A Serviços e Tecnologia da InformaçãocoreTechnology or IntegrationTechnology vendor providing SISPRO ERP system with maintenance, support, integration, updates, development, consulting, and hosting services. Contract valued at R$ 629,118.30 (September 2024). Operates the core financial management systems for AFEAM.
• PRODAM – Processamento de Dados Amazonas S.A.coreTechnology or IntegrationGovernment technology company providing IaaS (Infrastructure as a Service) for data storage and site-to-site communication services (November 2025 contract: R$ 195,518.16). Also contracted for web content management services for www.afeam.am.gov.br (R$ 33,893.52 in July 2024). Hosted on PRODM infrastructure.
• ABDE – Associação Brasileira de Instituições Financeiras de DesenvolvimentominorStrategic or Co-development PartnerBrazilian Association of Development Finance Institutions provides specialized training and professional development for AFEAM staff, including courses on CMN Resolutions, operational risk management, and accounting for non-accountants. Multiple training contracts recorded in 2024 and 2025.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Agência de Fomento do Paraná (AFPR): AFPR is the Paraná state development finance agency providing credit and guarantees to SMEs and rural producers. Comparable institutional model and credit product structure to AFEAM.
• BDMG - Banco de Desenvolvimento de Minas Gerais: BDMG is a Minas Gerais state development bank providing credit, guarantees, and innovation financing to SMEs and micro-entrepreneurs. Comparable in role as a state development finance institution serving underserved borrowers and in product mix.
• BADESUL - Agência de Desenvolvimento de Porto Alegre: BADESUL is the Rio Grande do Sul state development finance agency providing credit and guarantees to SMEs, rural producers, and innovation projects. Directly comparable as a sub-national development agency serving underrepresented borrowers.
• Banco da Amazônia S.A. (BASA): Banco da Amazônia is a federal regional development bank operating in the same Amazon region as AFEAM, providing credit lines for productive, rural, and forestry activities. Directly comparable in mission (regional development finance), customer base (micro/SME/rural producers in the Amazon basin), and product structure.
• Desenvolve SP - Agência de Desenvolvimento Paulista: Desenvolve SP is a São Paulo state development finance agency that lends to micro, small, and medium enterprises and offers innovation and sustainable financing lines. Closely comparable as a state-level desenvolvimento (development) institution with overlapping SME and innovation credit products.
• Banco do Nordeste do Brasil S.A. (BNB): Banco do Nordeste is a federal regional development bank focused on the Northeast region, providing credit to micro, small, and rural producers and supporting regional development. Directly comparable as a sub-national development lender with a social and productive development mandate.
• AGERIO - Agência de Fomento do Estado do Rio de Janeiro: AGERIO is the Rio de Janeiro state development agency offering credit lines, guarantees, and innovation financing. Operates under the same institutional model (state-owned, Banco Central-supervised non-bank) and product structure targeting SMEs and micro-entrepreneurs.

Broad incumbents

• Banco do Brasil S.A. Banco do Brasil is Brazil's largest federal public bank with extensive agricultural lending, microcredit, and SME financing programs in the North region. Comparable as a broad incumbent providing rural and microenterprise credit in Amazonas State.
• Caixa Econômica Federal: Caixa is a major Brazilian federal public bank offering consumer credit, microcredit, and SME financing, including programs targeting vulnerable segments across Brazil's North region. Comparable in social-mandate lending to underserved borrowers, though operating at national scale.
• BNDES - Banco Nacional de Desenvolvimento Econômico e Social: BNDES is Brazil's national development bank providing large-scale credit and financing across all sectors and regions. Comparable in development-finance mission and SME/innovation/rural focus, but operates at national scale with a much larger portfolio than AFEAM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/GovernodoAM
• Facebookfacebook.com/afeam.amazonas
• Instagraminstagram.com/afeamamazonas
• LinkedInlinkedin.com/company/afeam---ag%C3%AAncia-de-fomento-do-estado-do-amazonas

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about AFEAM - Agência de Fomento do Estado do Amazonas