March 11, 2021
The European Investment Bank (EIB) said Wednesday that will provide a €200 million ($238 million) loan for Banco do Nordeste do Brasil (BNB) to provide financing to micro-enterprises in northeast Brazil.
"COVID-19-impacted companies, in particular female-led businesses will benefit from this targeted support," the EIB said in a press release.
BNB, the state-owned development bank for the northeast region, will use money from the loan to offer short-term loans for less than €1,000 through the Cre
European development bank supplies $238 mln in financing through the regional lender BNB