Desenvolve-AL

What Desenvolve-AL does

Desenvolve-AL (legal name: Desenvolve - Agência de Fomento de Alagoas) is a state-owned development agency established in 2009 by the Government of Alagoas, Brazil, headquartered in Maceió. The agency provides credit lines and financial services to micro, small, and medium entrepreneurs in the state of Alagoas, segmented into three primary channels: individual microcredit (MEIs, informal workers, artisans, farmers), legal-entity credit (working capital, innovation, sector-specific agriculture and transportation), and tourism credit (via the federal Novo Fungetur program). Its portfolio spans 20+ specialized products with interest rates ranging from 1.19% to 2.5% monthly, ticket sizes from R$5,000 to R$1 million, terms up to 120 months, and grace periods up to 24 months; eligible borrowers include women entrepreneurs, Afro-entrepreneurs (CREDIAFRO), cooperative members, and tourism operators. The technology backbone is the proprietary Sistema Fácil integrated management system (used for 15+ years by 200+ institutions managing 400,000+ clients) and the Sisrastrus livestock-traceability platform, supplemented by web-based credit simulators and a credit simulator (appdesenvolve-al.com.br). The business model is government-capitalized lending: revenue derives from interest income on disbursed credit, supplemented by a 3% credit-opening fee (TCC) on approved loans, with state budget allocations and federal program funding (Finep, BNDES, FNDCT) providing the capital base. Distribution is conducted itinerantly, with credit agents traveling to municipalities and rural areas across Alagoas, partnered with SEBRAE, local governments, and sector-specific cooperatives (CPLA, Coofadel, Pindorama). Since inception, the agency has served over 30,000 direct beneficiaries with cumulative disbursements of approximately R$14 million, maintains a 1.24% default rate (well below the 6.8% financial sector average), and is governed by an appointed Director President and Board of Directors with state-secretary representation.

Name

Desenvolve-AL

Legal name

Desenvolve - Agência de Fomento de Alagoas

Website

https://desenvolve-al.com.br

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Desenvolve-AL is a state-owned development agency of Alagoas, Brazil, founded in 2009, providing subsidized credit lines to micro, small, and medium entrepreneurs across the state. It offers 20+ specialized products covering microcredit, working capital, innovation, tourism, and agriculture, disbursed through an itinerant agent model partnered with SEBRAE and cooperatives.

Ownership category

akta.pro rank

Product category

Development Banking

NAICS

Nondepository Credit Intermediation (5222), Activities Related to Credit Intermediation (5223)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Lending & Credit Disbursements (FSAMAKAH)

akta.pro secondary industry

Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ)

Keywords

• Microcredit lending
• SME financing
• Development banking
• Working capital loans
• Innovation credit

Headquarters

HQ city

Maceió

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Credit Interest Income: Desenvolve-AL generates revenue through interest charged on credit loans provided to micro, small, and medium entrepreneurs. Interest rates range from 1.19% to 2.5% per month depending on the credit line and borrower profile. Additional fees include TCC (Taxa de Abertura de Crédito) of 3% on approved credit.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Desenvolve-AL (Agência de Fomento de Alagoas) is a state-owned development agency providing multiple specialized credit lines for micro, small, and medium entrepreneurs across Alagoas, Brazil. Its core offerings include microcredit for MEIs/informal workers/artisans/farmers, working capital and mixed investment lines for SMEs (Pessoa Jurídica), innovation credit (Inovacred standard, 4.0, and Telecom Acquisition), tourism sector credit through Novo Fungetur (working capital, solar energy, electric vehicles, nautical vessels), solidarity group lending (Grupo Aval Solidário), sector-specific agricultural credit (sugarcane, rice, poultry), and targeted credit for women and Afro-entrepreneurs, plus the proprietary Sisrastrus livestock traceability system and a web-based credit simulator.

Product overview

Desenvolve-AL (Agência de Fomento de Alagoas) operates as a state development agency providing credit lines and financial services for micro, small, and medium entrepreneurs across Alagoas, Brazil. The organization offers a diverse portfolio of specialized credit products through three main channels: (1) Microcrédito/Pessoa Física for individuals including MEIs, informal workers, artisans, and farmers; (2) Pessoa Jurídica credit lines for formal businesses including working capital, innovation-focused Inovacred variants (standard, 4.0, and Telecom Acquisition), and sector-specific products for agriculture (sugarcane, rice, poultry) and transportation; and (3) Tourism credit lines through Novo Fungetur partnerships covering working capital, solar energy, sustainable vehicles, and nautical vessels. The portfolio also includes solidarity group lending, women's entrepreneurship programs, Afro-entrepreneur credit (CREDIAFRO), and transport operator financing (ARSAL). Supporting digital services include credit simulation tools and the proprietary Sisrastrus traceability system for livestock production. The agency operates web-based applications for open data, consigned card management, and e-SIC (information access).

Differentiator

Problem solved

Functional benefit

Brands

• INOVACRED: Credit line for technology innovation, renewable energy and telecommunications sectors, funded through FINEP/FNDCT with R$ 10 million allocation.
• Desenvolve Mais Sustentável
• Crédito do Povo

Products and services

• Microcrédito (MEI, Informais, Artesãos e Agricultores)

Quantifiable outcome

• 200% increase in credit portfolio in Q1 2013 compared to Q1 2012
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core.

• ARSAL (Agência Reguladora de Serviços Públicos do Estado de Alagoas)coreStrategic or Co-development PartnerPartnership to provide credit exclusively for financing transportation permit outorgas for complementary passenger transport operators in Alagoas.
• CPLA (Cooperativa de Produção Leiteira de Alagoas)coreStrategic or Co-development PartnerPartnership for dairy production chain financing, including credit lines for producers and dairy processors in the Milk Program (Programa do Leite).
• SEBRAE AlagoascoreStrategic or Co-development PartnerOngoing partnership for credit seminars, entrepreneur events, and support programs for small businesses and microentrepreneurs throughout Alagoas.
• Coofadel (Cooperativa da Agricultura Familiar de Delmiro Gouveia)coreStrategic or Co-development PartnerPartnership for sheep and goat production programs, including the traceability system and agricultural technical support.
• AECID (Agência Espanhola de Cooperação Internacional para o Desenvolvimento)coreStrategic or Co-development PartnerPartnership through the Institutional Model Consolidation Project for capacity building and training of production chains in Alagoas.
• Cooperativa PindoramacoreStrategic or Co-development PartnerPartnership for sugarcane, rice cultivation, and poultry production credit, requiring cooperative membership for loan eligibility.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Afeam (Agência de Fomento do Estado do Amazonas): Amazonas state development agency providing microcredit, SME financing, and sector-specific credit lines. Direct peer in mission and structure, though focused on a distinct regional economy.
• GoiásFomento: Goiás state development agency offering credit and financing solutions for micro and small entrepreneurs. Operates the same state-level development agency model as Desenvolve-AL.
• Desenvolve RJ: Rio de Janeiro's state development agency operating a similar credit and financing mandate for entrepreneurs and SMEs in its state. Direct structural peer.
• BADESC (Agência de Fomento do Estado de Santa Catarina): Santa Catarina's state development agency providing financing for productive sectors including agriculture, industry, and tourism. Direct peer in the Brazilian state development agency ecosystem.
• Desenvolve SP: State development agency of São Paulo, the closest structural analog to Desenvolve-AL: provides credit and financing for micro, small, and medium entrepreneurs through similar multi-sector lines. Operates the same state-agency model in a much larger market.
• BDMG (Banco de Desenvolvimento de Minas Gerais): Minas Gerais state development bank offering credit and financing for SMEs, infrastructure, and innovation. Highly comparable in mandate, structure, and product mix to Desenvolve-AL.
• BRDE (Banco Regional de Desenvolvimento do Extremo Sul): Regional development bank serving Brazil's southern states with credit and development financing for SMEs and cooperatives. Comparable mission and multi-state cooperative lending model.

Broad incumbents

• Banco do Nordeste (BNB): Federal regional development bank focused on Brazil's Northeast region, including Alagoas. Provides similar SME, agricultural, and microcredit products, partly through partner agencies like Desenvolve-AL.
• BNDES (Banco Nacional de Desenvolvimento Econômico e Social): Brazil's federal development bank — Desenvolve-AL's primary funding partner for microcredit lines. Comparable in development mission but operates nationally and at substantially larger scale as the upstream capital provider.

Others

• Banco Itaú: Brazil's largest private bank with growing SME and microcredit segments that increasingly compete for the same Alagoas entrepreneur base Desenvolve-AL serves. Relevant as a competitive force rather than a direct structural analog.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/desenvolve-al

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Desenvolve-AL