National Program of Financing for Microentrepreneurs and Rural Women (2001 - 2019)
2001 - 2019
The mission of the Ministry of Economy's National Microentrepreneur Financing Programme (PRONAFIM) is to encourage microentrepreneurs to start, develop, and consolidate their businesses by providing comprehensive microfinance services to increase the productivity of their businesses and improve their living conditions.
This is done through the intermediation of Microfinance Institutions (MFIs) and training and incubator organisations through the following actions:
Strategic financing of MFIs to place better microcredits (i.e. accompanied by training, or savings with training, or with lower interest rates than the market average, or greater geographical access); Supporting organisations in promoting the incubation of productive activities, and the training of people micro-credited by the Programme; Supporting MFIs in expanding the geographical coverage of microfinance services.