through the Argentine credit line CreAr for micro-enterprises, announced by the Minister of Economy Sergio Massa along with the Secretary of Industry and Productive Development, Jose Ignacio de Mendigurenthe National Government aims to reach 1,300,000 people to enhance the entrepreneurial profile and promote Argentine growth.

“This new tool reinforces our policy of promoting the entire production cycle, from micro-enterprises to SMEs and medium and large companies”said Mendiguren, and highlighted: “Minister Sergio Massa asked us to sustain the level of activity and employment while macroeconomic variables stabilize and this measure, like all the ones we take, goes in that direction”.

CreAr for productive microenterprises allocates up to $2.2 million per credit to monotributistas throughout the country to finance the purchase of equipment, tools and other productive needs.

The loans are aimed at all categories of monotributistas, with the exception of the highest (I, J, K) and will have a term of 24 months with a fixed rate throughout the credit and a bonus of 40 points from the Argentine Guarantee Fund (FONDEP). ).

In addition, they have 100% backing from the Argentine Guarantee Fund (FOGAR), which means that the loans will not be evaluated by financial institutions.

Public and private banks throughout the country are already joining the line, which will be available in the coming days, in some cases to request online, at each taxpayer’s financial institutions.

Crédito Argentino (CreAr) is the largest financing program in the country’s recent history, it was launched at the end of last year and already has an investment of 1 billion pesos.

The CreAr financing scheme promotes that the entire productive network, from a micro-enterprise to an exporting SME, can access financing with subsidized rates and guarantees from the National State to maintain the level of activity, boost industrial exports, generate quality employment and promote the transformation of the productive structure.

Since its launch, CreAr has granted loans to SMEs throughout the country. 62% was allocated to projects outside the AMBA, which allows for the consolidation of the federalization of credit. In turn, the program promotes the generation of employment and boosts exports, since 65% of the companies that received financing increased their employment and more than 20% exported their production in 2022.

This tool also seeks to guarantee financial inclusion through the granting of guarantees from the National State. In March of this year, the number of loans increased in real terms compared to February, while the financial system registers a delinquency of only 3.5%.

The program includes lines with public banks, such as BNA, Banco Argentino de Desarrollo BICE and provincial banks, private banks, direct loans from FONDEP, and lines specially designed for MiPYMEs, medium and large companies, import substitution, strategic sectors, expansion of exports , or acquisition of capital goods through leasing, among others.

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