Caixa announces financing programme of up to $400

Pedro Guimarães, president of the Caixa Econômica Federal (CEF), said that the institution will launch what he called a “micro-finance programme. The proposal, he said, is to offer financing ranging from R$500 to R$2,000 ($100 to $200) to more than 10 million Brazilians, with interest rates between 1.5% and 2.5% per month.

Source: Jornal Contabil