There will be financing tools for SMEs

There will be financing tools for SMEs

Reactivation for SMEs.

The Minister of Productive Development, Matías Kulfas, and the president of Banco Credicoop, Carlos Heller, announced on Wednesday a series of Financing tools for micro, small and medium enterprises, small businesses and enterprises for a total amount of $16 billionto deepen financial inclusion and improve their conditions of access to credit.

The agreement signed between the Ministry and the cooperative entity includes the implementation of a microcredit line through a preloaded CABAL card, for a total amount of $10,000 million, which will be used to finance working capital and investment for microenterprises.

Based on this agreement, Tarjeta CABAL will grant credits to those who carry out productive activities for amounts between 50,000 and 500,000 pesos, with a final fixed rate of 25% and for a term of 18 months.

Also $5,000 million will be allocated from the Argentine Guarantee Fund (Fogar) to guarantee up to 75% of operations Banco Credicoop loans for independent workers who buy materials, machines and supplies for the development of productive activities; Y a line for $1,000 million for leasing operations intended to finance goods of national origin.

“Financial inclusion is a priority for us. We want every SME that wants to access financing can do it in an agile and accessible way. With this agreement, small businesses and the smallest sectors of the business community will be able to access a new line of productive credits at affordable rates, so that they can buy machinery, supplies for work and everything they need to grow and continue strengthening the economic reactivation. Kulfas said during the presentation.

Telam SE

In turn, the minister highlighted the ease of access to advertised tools on Wednesday, as in the case of the preloaded card that may be applied directly to the purchase of inputs, machinery, which makes the economy work.

“We seek to make accessing credit much easier and that it can be done from anywhere in the country,” Kulfas said.

For his part, the secretary of Small and Medium Enterprises and Entrepreneurs, Guillermo Merediz, said that these types of tools seek “deepen the process of financial inclusion” of MSMEs and enterprises.

“It is a scheme in which we articulate with public and private institutions to provide, through different channels, productive financing, to affordable rates and very beneficial terms because our central objective is sustain and strengthen the reactivation of the entire national productive frameworkMerediz added.

Participating in the announcement were the National Director of SME Financing, Alejandro Calvin; the director of Financing Policies, Fabián Scorza; and, on behalf of Banco Credicoop, the deputy general manager, Sergio Clur; the manager of Personal Banking, Nelson Pereira; the manager of Corporate Banking, Alejandro Schachter, and the manager of Institutional Relations, Néstor Wassaf.

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