The Government announced that it will allocate $16,000 in financing tools so that micro, small and medium-sized companies, small businesses and enterprises have greater and easier access to credit.
The announcement of Executive was made by the Minister of Productive Development, Matías Kulfas, and the president of Banco Credicoop, Carlos Heller, since the Government seeks to promote financial inclusion in SMEs.
With the new agreement governmentWith the bank, entrepreneurs will be able to access different lines of financing for the purchase of machinery and inputs necessary for their growth.
“Financial inclusion is a priority for us. We want each SME that wants to access financing to be able to do so in an agile and accessible way” assured the minister during the launch of the program.
Likewise, Kulfas highlighted that the new financing tools include microcredits and a line from the Argentine Guarantee Fund (FOGAR), where the State guarantees loans and other operations to SMEs.
For this, as explained by the minister, “the Bank will grant a preloaded card with different financing to be able to apply it directly to the purchase of supplies, machinery.”
The preloaded card will have an amount of $10,000 million, and will be “aimed at financing working capital and investment for micro-enterprises”, which allows SMEs to invest in their growth.
Besides those who develop productive activities, will be able to access credits for amounts from $50,000 to $500,000with a final fixed rate of 25% and for a term of 18 months.
Financial inclusion is the Government’s priority
From the executive powerThey seek that all businessmen in the country can further boost their economic reactivation, so every day they seek new strategies to support them.
For this reason, in order to promote financial inclusion, they launch these new lines of credit, which can be accessed from anywhere in the country, with affordable rates and other benefits.