This loan to Daycoval is being granted as part of IFC’s global response to combat the economic impacts of the COVID-19 pandemic.
Brazil’s central bank has authorized testing of payments via Facebook Inc’s messaging service WhatsApp in the country easing an outright ban on the service imposed last month.
Like microlenders in other parts of the world, the company aims to democratize access to modern financial services, in order to promote financial inclusion.
IFC and Jive Partner to Support the Expansion of Credit Access for Small and Medium Enterprises in Brazil
The partnership aims to support the development of the distressed small and medium enterprises assets market in Brazil.