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Home Argentine Politics and Economics The City Bank launched new credit line for women entrepreneurs

The City Bank launched new credit line for women entrepreneurs

It seeks to promote the development of its activities through financing and training.

Politics and Economics
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Women entrepreneurs with formal and informal activities are recipients of the new credit line that Banco Ciudad presented today, which seeks to promote the development of its activities through financing and training.
This initiative was presented today by the head of the Buenos Aires Government Horacio Rodríguez Larreta and has as its main objective to generate accompanying instruments and access to bank loans that serve as a response to the needs detected in a survey carried out on Buenos Aires women with underway ventures, the government reported porteño through a statement.
The line has two options. The first is for independent women entrepreneurs and monotributists who are registered as MSMEs with a year of business activity. For them, a maximum amount of $100,000 is provided for Working Capital, to 36 months.
The second option is for entrepreneurs with formal commercial activity, both independent and monotributists, or informal, with a one-year age in the task carried out. In these cases, a maximum amount of $250,000 is granted for Working Capital, within 48 months of term.
The specific training proposal accompanying the credit is completely free of charge. It includes face-to-face or virtual workshops through the SME Institute that deal with the legal and tax keys to the business and the benefits of the Entrepreneurs Law; trainings with topics such as financial planning, digital marketing and how to successfully link with a bank, and motivational talks on leadership with a gender perspective.
The first face-to-face activity will take place on February 20, with the theme “How to boost sales on social networks”, to be held at the Banco Ciudad headquarters in Sarmiento 611. Registration is online through https://potenciarventasenredessociales.eventbrite.com.ar.
This proposal arose from the results of a study that collected the opinions of more than 100 women entrepreneurs, of whom 81.5 percent are engaged in clothing, handicrafts, gastronomy and decoration, as well as services such as design and communication, audiovisual, administrative consulting and accounting, among others.
According to the survey, half of women use digital media as the main channel for generating, disseminating and selling their products and/or services. In 72.2 per cent of the cases, respondents stated that there are relevant needs not met by institutions or organizations regarding the flexibility of borrowing requirements and legal, tax and training advice.

Source: Telam

Publication Date: 11/02/2019

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