Banco do Brasil is reducing interest rates to between 5.15% and 5.65% per year from 5.35% and 5.90%.
Credit under Proger Exportacao, a programme aimed at small exporting companies with gross revenues under R5mn (US$2.4mn). Payment terms are as long as one year, with six months’ grace period.
Loans given through Proger Exportao are in reais, not dollars, and are limited to R0.25mn. The programme also helps exporters promote services and goods directed at foreign markets.