EIB funds micro-businesses in northeast Brazil

EIB funds micro-businesses in northeast Brazil

Loans Debt International Financial Institutions Brazil Europe ESG Coronavirus

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

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