XP, VERT open credit lines for farmers

XP, VERT open credit lines for farmers

Debt Asset Management Loans Regions Brazil Latin America

Brazilian investment manager XP Inc said Wednesday that it launched financial services platform DuAgro with VERT Securitizadora to provide credit lines for rural producers. DuAgro is aimed at small- and medium-sized farmers that represent around 70% of Brazil's agricultural production and face difficulties in accessing credit, XP said in a press release. The digital platform will set credit limits based on credit scores and relationships with vendors and clients without the need for guarantees.

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