Panel SA: Project by large entrepreneurs to support small ones in the pandemic opens credit for those affected by the rain

Almost two years after the foundation of Stimulus 2020, a movement by big businessmen like Abilio Diniz and Eduardo Mufarej to offer credit to small businesses hit by the pandemic, the group opens a new front of action to serve entrepreneurs harmed by the rains.

The network begins with the opening of a R$ 6 million credit to help small businesses in the most affected regions in Minas Gerais and Rio de Janeiro, with the release of funds within three days after the online application is approved.

Fabio Lesbaupin, president of Stimulus 2020, says that it is an emergency action that can help maintain employment and income at this time.

Stimulo 2020 states that it is also looking for investors and donors in Bahia to expand the resources available to entrepreneurs in the state.

Since it started operating in March 2020, the movement claims to have granted R$110 million in credit and the fund has more than 60,000 small businesses registered.

with Andressa Motter e Ana Paula Branco