The Brazilian government is analyzing a proposal for granting credit via POS devices for micro, small and medium-sized companies impacted by the quarantines imposed as a result of the coronavirus pandemic. According to Valor Econômico, the sales plummet reaches 70% in the most affected sectors in the states of São Paulo, Rio de Janeiro and Santa Catarina.

The proposal of granting credit via POS devices was made by Stone cards. The initial idea is to provide BRL 100 billion in credit, at a rate of 3.75% per year, a three-year term and a one-year grace period for payment, considering that, after the quarantine period, many businesses will experience slow sales recovery.