Government launches 3% interest credit to promote consumption and create jobs

The Government launched this Thursday the so-called “credit 1, 2, 3”, for entrepreneurs and individual entrepreneurs, with the interest of 3%, and $120 million. A natural person can apply for credits of between Bs 1,000 ($143.67) and Bs 64,000 ($9,195), micro-entrepreneurs and business people can get up to Bs 350,000 ($50,287.36). The resources come from the reduction of legal reserve limits of financial entities and could allow liquidity of Bs 3,500 million ($502.87 mn).

Source: Página Siete