Trailblazing Credit Program Provides Financing for Microentrepreneurs in Brazil

Banco de Desenvolvimento de Minas Gerais (BDMG) is the development bank of the state of Minas Gerais, Brazil. BDMG will offer the new credit product "Acredita" or "Believe" to high potential microenterprises and individual micro entrepreneurs from the base of the pyramid (BOP) that have recently formalized their company and officially started doing business.