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Brazil launches new credit line to stimulate micro, small enterprises

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Brazilian President Michel Temer announced Wednesday the opening of a new credit line worth 30 million reais ($9.31 million) with low interest rates to stimulate growth among the country’s micro and small enterprises.

In a speech in honor of Brazil’s National Day of Micro and Small Companies, Temer said that micro and small enterprises are often underestimated but have “a giant” impact on the economy, accounting for 52 percent of GDP and 41 percent of total salary income.

“The reforms we are putting before Congress are destined to help our country grow and to incentivize micro, small and medium enterprises,” said Temer.

For more on this story visit the following link: Brazil launches new credit line to stimulate micro, small enterprises

Source: Global Times

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