These are new lines of financing, in order to boost activity in the Buenos Aires territory, in the midst of the strong general economic recession.
Banco Provincia announced this Monday new financing lines to encourage consumption and production, in order to promote activity in the Buenos Aires territory, in the middle of the strong economic recession.
On the one hand, the entity launched loans for SMEs, intended for companies to can afford the payment of salaries, vacations, extraordinary bonuses and bonus compensation, which can be paid in 6 months with a fixed rate in pesos of 24%.
Another credit line aims to finance the acquisition of working capital and final products of national manufacture in retail storeswith a period of 12 months with 3 months grace period. Interest rates, subsidized by the Ministry of Production, they start at 13.05% for businesses led by women and non-binary people and 14.5% for the rest of the businesses.
Also the Buenos Aires government will subsidize between 20% and 30% to entrepreneurs that they access microcredits and a was created new financing tool for cooperative associative groupswith an amount of up to 50 minimum, vital and mobile salaries and a fixed rate from 45%.
Measures by Banco Provincia to boost consumption: DNI account, card limits, discounts
Banco Provincia also announced measures aimed at boosting consumption. On the one hand, he arranged increase the limits of credit cards for 550,000 clients, with almost $380 billion additional for consumption through Visa and MasterCard of Banco Provincia.
In addition, the benefits of interest-free installments in all areas, and a special action will be implemented for Father’s Day with 30% savings and a limit of $15 thousand per transaction or 12 interest-free installmentsalong with special promotions in Provincia Compras throughout the month.
As to DNI accountthe entity The weekly refund limit in butcher shops, farms and fishmongers will increase from $4,500 to $5,500, and a 40% refund will be implemented for the purchase of jugs, with a limit of $3,600 pesos per person per month.
Source: Ambito
