Title: Argentine Credit CreaAr Provides Access to Funding for Microenterprises
Date: June 20, 2023
The Argentine Credit CreaAr program has been launched to provide microenterprises with the opportunity to access funding for their business needs. This initiative aims to support 1.3 million monostributistas, enabling them to invest in equipment, tools, and goods necessary to sustain and grow their activities.
Under the program, loans will be available to all categories of monotributistas, except for the highest categories (I, J, K). The loans will have a fixed rate throughout the 24-month term and will also include a bonus of 40 points from the Argentine Guarantee Fund (Fondep).
One notable aspect of this program is that the loans will not be evaluated by financial institutions. Instead, they will have 100% support from the Argentine Guarantee Fund (Fogar), ensuring accessibility for microenterprises.
The Ministry of Economy has confirmed that public and private banks across the country are already participating in the program. In the coming days, the loans will be made available, with some cases allowing online applications through the financial institutions of each taxpayer.
The Argentine Credit (CreAr) program is the largest financing program in the history of the country. Launched at the end of last year, it has already attracted an investment of 1 billion pesos. This demonstrates the significant impact and importance of the program in supporting microenterprises.
Statistics from the program reveal its positive outcomes. 62% of the credits granted through this line were allocated to projects outside the AMBA (Buenos Aires Metropolitan Area). Additionally, 65% of the companies that received financing experienced an increase in employment, and more than 20% were able to export their production in 2022.
Overall, the Argentine Credit CreaAr program is set to provide a substantial boost to microenterprises, enabling them to access the necessary funds to sustain and expand their businesses. With the support of the Argentine Guarantee Fund, this initiative aims to drive economic growth and create opportunities for entrepreneurs throughout the country.
carte di credito accettate in argentina
Title: Argentine Credit CreaAr Empowers Microenterprises with Funding Opportunities
Date: June 20, 2023
The Argentine Credit CreaAr program has been launched to offer microenterprises a chance to access funding for their business requirements. This groundbreaking initiative aims to support 1.3 million monostributistas, providing them with the means to invest in essential equipment, tools, and goods necessary for the sustainability and growth of their activities.
Under this program, loans will be made available to all categories of monotributistas, excluding the highest categories (I, J, K). The loans will feature a fixed interest rate throughout the 24-month term and will also include a bonus of 40 points from the Argentine Guarantee Fund (Fondep).
One noteworthy aspect of this program is that the evaluation of loans will not be carried out by financial institutions. Instead, they will be fully supported by the Argentine Guarantee Fund (Fogar), ensuring accessibility for microenterprises.
The Ministry of Economy has confirmed the participation of both public and private banks across the country in this program. In the following days, loans will become available, and in some cases, applicants will even be able to apply online through their respective financial institutions.
The Argentine Credit (CreAr) program stands as the largest financing program in the country’s history. Since its launch at the end of last year, it has already attracted a substantial investment of 1 billion pesos. This highlights the program’s significant impact and its importance in supporting microenterprises.
Statistics from the program reveal positive outcomes. A staggering 62% of the credits granted through this initiative have been allocated to projects outside the Buenos Aires Metropolitan Area (AMBA). Moreover, 65% of the companies that received financing experienced an employment boost, and over 20% were able to export their production in 2022.
Overall, the Argentine Credit CreaAr program is poised to provide a substantial boost to microenterprises, equipping them with the essential funds needed to sustain and expand their businesses. With the support of the Argentine Guarantee Fund, this initiative aims to drive economic growth and create opportunities for entrepreneurs across the entire country.
