Credit line alleviates losses for entrepreneurs with postponement of A Banda – News of Brazil

Credit line alleviates losses for entrepreneurs with postponement of A Banda – News of Brazil

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Policy

Promotion, explains vice-governor Teles Júnior, is to reduce losses and provide conditions for stock replacement


Douglas Lima
Editor

Vice-governor Teles Júnior explained, on the morning of this Wednesday, 14th, the dynamics of the operation of the credit line opened by the government, through the Amapá Development Agency, to entrepreneurs who stopped working along what would be the route from the A Banda block, which did not pass on Fat Tuesday due to the heavy rains that fell in Macapá.

Teles said that the idea is to structure non-repayable funding to compensate entrepreneurs who invested to sell during A Banda, but were unable to do so, because the block did not come out. He explained, however, that the credit is not to cover the entire loss, but to mitigate and provide conditions for restocking stock for the A Banda parade, still to take place, probably next weekend.


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