Bolsonaro Sanctions law That Facilitates Credit to Small Entrepreneurs

The proposal will offer cheaper alternatives for access to financing and with lower interest rates for small and microentrepreneurs.

By Xiu Ying, Contributing Reporter

RIO DE JANEIRO, BRAZIL - A complementary law that creates the legal entity of ESC (Empresa Simples de Crédito - Simple Credit Company), will be sanctioned this Wednesday (24th) by President Bolsonaro.

The proposal should facilitate access to and lower the cost of financing for small businesses, such as MPEs (Micro e Pequenas Empresas - Micro and Small Businesses) and MEIs (Microeemprendedores Individuais - Individual Micro-Entrepreneurs).

The proposal was approved on March 19th by the Federal Senate and had the direct participation of the former Sebrae president, Guilherme Afifi Domingos, who is now a special advisor to . . .

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