Economy

Panel SA: Partnership with development agency promises to streamline rural credit in São Paulo

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Small and medium-sized rural producers in São Paulo will be able to receive credit from the state government within five days, according to Wiz BPO, a company that has entered into a partnership with the development agency Desenvolvimento SP to speed up access to financing for agribusiness.

The agency has R$ 100 million to finance farmers whose production was impacted by climatic variations during the coronavirus pandemic. Producers can borrow up to R$ 80 thousand and associations and cooperatives, up to R$ 1.5 million, with subsidized interest rates

To apply for credit, the producer or associate must look for the Casas da Agricultura and the Rural Development Offices (EDRs) throughout the state.

With Ricardo Balthazar (interim), Andressa Motter e Ana Paula Branco. ​

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