⁍ The CMN expanded the micro-credit program to firms with annual gross revenue up to 360,000 reais ($65,000) from 200,000.
⁍ The program will now allow credit to be obtained 100% online.
– Brazil’s government is trying to ease the country’s severe economic crisis by making it easier for small and medium-sized businesses to get credit, Reuters reports. The country’s top economic policy body, the National Monetary Council, announced Thursday that it is expanding its micro-credit program to cover firms with annual gross revenue up to $65,000, up from the previous limit of 200,000. The council says it will now allow credit to be obtained 100% online.
Source: https://www.reuters.com/article/brazil-economy-credit/brazil-announces-new-measures-to-expand-credit-to-micro-sized-firms-idUSS0N2FM03P