Pronampe has higher circumstances than banks, however doesn’t absolutely serve the market
For Fenacon, the program is still insufficient in the face of the economic crisis
The granting of credit to individual microentrepreneurs (MEIs) and micro and small businesses through the National Support Program for Micro and Small Businesses (Pronampe) brought better conditions to the market than those traditionally offered by banking institutions. But the program still does not fully serve the sector, mainly to face the current conditions of economic crisis.
This is what a diagnosis of the National Federation of Accounting Services Companies and Advisory, Expertise, Information and Research Companies (Fenacon) points out. “If we are going to compare the 2020 Pronampe, offered during the pandemic, with the one that has been released now, the difference is very sensitive. Because before, we had interest around 3.5% per year, now these same interest rates are at 19.25%”, points out Diogo Chamun, legislative director of Fenacon.
Chamun also pointed out that the entrepreneur is still dealing with the effects of the Selic, which increased on the 3rd, at the last Copom meeting. “During the pandemic, the Selic rate was at a very low level, which meant that interest rates were around 3.5% per year in the first Pronampe. Now, with the Selic at 13.75%, those same interest rates are reaching approximately 20%,” he notes.
The specialist points out that, adding the Selic and Pronampe interest rates, the specific credit line for micro and small entrepreneurs still ends up being advantageous, since the credits available in the market have interest above 30% per year. “Pronampe is a credit line that ends up compensating the entrepreneur and, as it is extensive, available until 2024, it is estimated that it will release between R$ 30 to 50 billion for the sector”, concludes Chamun.