The Government encourages financing for ventures. Banking actors
prevent negative effects for smaller loans.
The interest rates of the three microcredit segments are 2%
lower since February 1, when Resolution 437-2018-F issued by the
Monetary and Financial Policy and Regulation Board (see
infographic) came into effect.
Applies to public and private financial sector institutions,
mutual funds and entities of segment 1 of the popular and solidary
financial system. For the rest, the rates are maintained as before
the resolution. Between private banks and the savings and credit
cooperatives of segment 1, a total of $ 6,787 million was
distributed in microcredits nationwide, according to data from the
Superintendency of Banks (SB) and the Superintendence of Popular
and Solidarity Economy (SEPS). 78% is from cooperative
placements.
