The Ministry of Industry gave nearly 2,700 loans of up to 60 000 pesos to zero or loans of honor (to be returned only if the project succeeds) to young entrepreneurs across the country.
The National Bank presented the third section of Line 400 exclusive bonus SMEs with the Ministry of Industry and allows SMEs to make loans to five years, fixed rate of 9.5% in pesos.
Economy Minister Amado Boudou, the Minister of Industry, Debora Giorgi, the president of the National Bank, Juan Carlos Fabrega, and Secretary General, Oscar Parrilli, today delivered honor loans to young entrepreneurs up to 60,000 pesos a zero rate that are returned only if the project is successful.
They consist of the “seed” through which the Ministry of Industry attended in 2011 with 74 million pesos, about 2,700 young entrepreneurs between 18 and 35 years across the country, both for the gestation of a business to commissioning of new SMEs and strengthening existing youth enterprise.
In the event held at the Government House also introduced a new quota of $ 5,000 million for SMEs across the country receive credits of up to $ 2.5 million, fixed rate in pesos and five years, up to 4 bonus points the Ministry of Industry. This presented the third section of Line 400 exclusively for SMEs of the National Bank that allows small and midsize businesses around the country of industry sectors, trade, construction services and access to loans at rates between 9.5% and 12% fixed weights.
“The government of Cristina Kirchner believes in SMEs and young people and gives them unprecedented opportunities to realize their dreams and that’s Argentina: a country that no longer dreams to show facts and realities that differ from what is happening in the world, “said Giorgi.