Small Business: Brazil offers small business a new line of credit

The Brazilian government is offer small business owners a new line of credit to enable them to expand their enterprises.

The National Guided Productive Microcredit Program, will allocate $83.85 million from the Workmen's Assistance Fund in the form of loans of up to $4.19 thousand.

These loans will carry monthly interest rates of up to 4% repayable in a maximum of 24 months (including a 3 month grace period).