Report: Brazilian workers' fund lends working capital to micro and small enterprises

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10 May, 2016 | 12:45

Author Stephanie Castellanos
Theme Banking

The Brazilian workers' fund FAT is making 5 billionBrazilian reais available for loans to micro and small enterprises for workingcapital, Valor Econômico reported.

The funds will be distributed through and .

The loans will be available to companies that have up to 3.6million reais in annual sales, the report noted. The funding will be availablethrough December 2017.

As of May 9, US$1 wasequivalent to 3.55 Brazilian reais.

Author
Stephanie Castellanos
Theme
Banking