A Floating Bank on the Amazon


Creative Commons License photo credit: markgee6

WSJ:

Most bank managers fret about bad loans or a run on deposits. Luzia Moraes has to worry about a leak in the hull, bandits and rainstorms that keep clients away for weeks.

Ms. Moraes, a 43-year-old former housewife, is at the helm of a swashbuckling new venture in Brazil–as manager of the first floating bank branch on the Amazon river system. From a riverboat, she peddles banking services in a frontier where people don’t have much money–let alone experience with ATMs, savings accounts or personal loans.


Creative Commons License photo credit: chanycrystal

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