RIO DE JANEIRO, BRAZIL - The new legal entity model of simple business lending companies, called ESC, a sort of local microfinance company authorized by law, enables owners of micro and small businesses to access credit with lower interest rates and less red tape. The data are from the Brazilian Micro and Small Business Support Service (SEBRAE).
According to the Joint Parliamentary Front of Micro and Small Enterprises, the new model should inject about R$20 billion . . .