Microcredit Small Business Loans Up 26.7% in Brazil

By Alfred Rinaldi, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The end of the year has brought some good news for Brazil's smallest businesses as microcredits have grown by an impressive 26.7 percent year-on-year. In November 2013, the total value of microcredits reached a record high of R$4.873 billion, compared to R$3.570 billion in the same month of the previous year.

New loan approvals also stood at a record high with a volume of R$1.119 billion in November alone, according to figures from the Banco Central, Brazil's central bank. Under . . .

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