The Development Bank of Minas Gerais (BDMG) carries out an action in the month in which Women's Day is celebrated, facilitating access to credit for entrepreneurs of micro and small enterprises (MSEs).
The initial interest rate of the Empreendedoras de Minas line – which in October of last year had already been reduced from 1.13% to 0.95% per month – will be 0.80% in March.
The financing can be paid in up to 48 fixed installments, with a grace period of up to three months. “These rate reductions reinforce BDMG’s commitment to supporting female entrepreneurship in Minas Gerais with more accessible credit.
We want to further stimulate opportunities for gender equality in our society, aligning the profile of our financing with the Sustainable Development Goals proposed by the UN”, says BDMG president, Sergio Gusmão.
Aimed at working capital, BDMG's Empreendedoras de Minas line was launched in March 2018. Since then, R$61 million has been disbursed – R$32.5 million in 2019 alone – to 1,814 companies located in more than 291 municipalities in Minas Gerais.
Access
Mining companies with female equity participation equal to or greater than 50% of the share capital for at least six months may access credit.
To make the hiring, entrepreneurs can do a simulation quickly and without bureaucracy through the BDMG Digital platform, which is available on the bank's website: www.bdmg.mg.gov.br, or look for the various banking correspondents present in all regions of the state.
In total, six credit lines will operate with reduced interest rates, with initial rates lower than 1% per month. The lines are for micro and small companies with revenues of up to R$ 4.8 million, and the credit application limit is R$ 480 thousand.
“In line with the objective of inducing the economic development of the State, we reduced the rates to even more competitive levels at one time.
Therefore, the end-of-year demands and the planning of its business for the coming year”, explains the bank’s president, Sergio Gusmão.