Afap, GEA and Randolfe announce unprecedented line of credit for the grocery, bakery and minibox sector – News of Brazil
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The Government of the State of Amapá, through the Amapá Development Agency (Afap), launches this Friday (17th), Credbox, an innovative line of credit aimed at grocery stores, bakeries and miniboxes across the State. With a budget of R$5 million, the initiative aims to boost the recovery of one of the sectors most impacted by the pandemic and the blackout, which occurred in 2020.
The senator Randolfe Rodrigues played a fundamental role in the credit line, with the articulation of the resource. For him, with the collaborative effort, CredBox promises to be a catalyst for the resumption of commerce. “The objective is to guarantee breathing space for small and medium-sized traders so that they can make investments in their business and boost the economy”he said.
Credbox offers advantageous conditions, aiming to alleviate the financial pressures faced by entrepreneurs, with credit of up to R$50,000, competitive rates and flexibility in terms.
The line of credit seeks to not only provide an immediate financial boost, but also lay the foundation for long-term sustainable growth.
“Afap is extremely relevant in the State’s economic growth cycle because its main function is to serve these entrepreneurs who do not have access to the traditional banking market, acting directly with better conditions, rates and terms”explained Eduardo Braz, CEO of Afap.
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