SEBRAE's FAMPE Fund: A Lifeline for Brazilian Entrepreneurs

SEBRAE's FAMPE Fund Boosts Credit Access for Brazilian Entrepreneurs Brazil is taking steps to support small and medium-sized enterprises (SMEs) with the launch of the FAMPE fund, a program designed to facilitate access to credit for entrepreneurs. This initiative, spearheaded by SEBRAE, offers a significant credit guarantee, providing a much-needed boost to business owners. The program's impact is particularly noticeable for women entrepreneurs. As Pedro Lins, a presenter in a recent video promoting the program, explains, "With Acredita Delas, MEIs and small businesses have up to 100% credit guarantee." This means women-owned businesses can secure loans with significantly reduced risk, leading to increased opportunities for growth and expansion. For other entrepreneurs, FAMPE still offers substantial support, acting as a guarantor for 80% of the credit. This reduces the financial burden and risk associated with securing loans, making credit more accessible to a wider range of businesses. The program's goal is to provide financial security and support to help small businesses thrive. To participate, entrepreneurs can visit the SEBRAE website to understand the program's requirements and apply for the guarantee. The initiative is a positive step towards empowering entrepreneurs and fostering economic growth in Brazil.