Sicredi’s consortium portfolio exceeds the BRL 30 billion mark

Growth

Regarding sales of new quotas, growth in the first half was R$ 5.3 billion

Sicredi surpassed BRL 30 billion in its consortium portfolio, a 36% increase in the balance in the last 12 months. The consortia of the cooperative financial institution are part of the portfolio of around 300 financial and non-financial services offered to more than 7 million members in all Brazilian states and the Federal District. Regarding sales of new quotas, growth in the first half was R$ 5.3 billion, representing an increase of 66.5%, above the market average in the same period, which was 20.4%, according to the Brazilian Association of Consortium Administrators (ABAC).

“The growth of the consortium market has been constant and should continue until 2024, as it is a versatile product with a consumption bias for the acquisition of goods and contracting services. What can be observed at Sicredi is that agribusiness associates and entrepreneurs are the ones most attracted to this product. In addition to acquiring goods and services, they also seek out consortiums as an option for financial organization, that is, a means of building up assets in the form of a payment slip, if they find it difficult to save money”,

stresses Jocimar Martins, Consortia Manager at Sicredi.

Currently, Sicredi has around 300,000 active consortium quotas in the automobile segments; trucks, tractors and SUVs; drones; properties; machines and equipment; motorcycles; Planned Furniture; nautical; services; and the sustainable category for the acquisition of a wind energy generator or photovoltaic panel.

Passenger cars, both new and semi-new, is the segment with the highest sales volume, with a 59% increase in sales. Popular for its flexibility, the consortium of services is acquired for purposes such as small home renovations, cosmetic surgeries, coverage of tuition fees for education or travel and has also grown significantly, with a rate of 35% in the same period. “As we work with large groups of segments in the consortia’s letters of credit, we allow greater flexibility to our associates”, emphasizes Martins.

In May 2023, the cooperative financial institution launched yet another condition to reinforce the consortium portfolio: reduced installment plans. With a reduction of up to 50% of the original value of the installments until contemplation, the alternative makes the product even more attractive by allowing flexible financial planning.

“The consortium is, by nature, a solution characterized by its accessibility, in addition to being a financial education tool. With the reduced installment option, it becomes even more democratic, enabling dreams to come true”,

contextualizes Savio Susin, superintendent of Insurance and Consortia at Sicredi.

About Sicredi

Sicredi is a cooperative financial institution committed to the growth of its members and the development of the regions where it operates. It has a management model that values ​​the participation of more than 7 million associates, who play the role of business owners.

With more than 2,500 branches, Sicredi is physically present in all Brazilian states and the Federal District, providing a complete range of financial and non-financial solutions.

*With advisory information

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