The Argentine credit line (CreAr) for microenterprises will allow 1.3 million of monostributists access up to $2.2 million to invest in equipment, tools and goods required for boost your activityaccording to official sources.
The Minister of Economy, Sergio Massatogether with the Secretary of Industry and Productive Development, Jose Ignacio de Mendigurenannounced the measure that aims to reach 1,300,000 people and encourage”Entrepreneurship and economic growth in Argentina”.
Likewise, this tool seeks to strengthen the Government’s policy of promoting the entire production cycle“from micro-enterprises to SMEs, as well as medium and large companies”.
In this context, “el Vasco” pointed out: “Minister Sergio Massa has urged us to maintain the level of activity and employment while the macroeconomic variables stabilize, and this measure, like all the ones we have taken, going in that direction“.
Monotributistas: the detail of the measure
The credit line CreAr for productive microenterprises allocates up to $2.2 million per loan to monotributistas of all categories, except the highest (I, J, K). These loans have a term of 24 months with a fixed rate for the entire period and a bonus 40% of the Argentine Guarantee Fund (FONDEP).
In addition, the loans count with the support of 100% of the Argentine Guarantee Fund (FOGAR), which implies that No they will be evaluated by financial institutions, indicated from the Palacio de Hacienda.
Both the public and private banks throughout the country They are adopting this line of credit, which will be available in the next few days. In some cases, taxpayers may request it online through the corresponding financial entities.
Argentine Credit (CreAr)
It is the financing program “largest in the recent history of the country”, state official sources. It was implemented at the end of last year and has already received an investment of $1 trillion.
The financing scheme seeks that the entire production chainfrom micro-enterprises to exporting SMEs, can access discounted rates and guarantees from the National State to maintain the level of activity, boost industrial exports, generate quality employment and promote the transformation of the productive structure.
Since its release, 62% of the funds were allocated to projects outside the AMBAwhich contributes to the decentralization of credit.
In addition, the program promotes the generation of employment and promotes exportssince 65% of the companies that have received financing increased their labor force and more than 20% have exported their production in 2022.
“This tool also aims to ensure financial inclusion by granting guarantees backed by the National State”, they assure from the Government.
In March of this year, according to official sources, there was an increase in the number of credits compared to february, which reflects real growth. In addition, the financial system recorded a delinquency rate 3.5%, which is low.
Source: Ambito
