- Last year, Goldman Sachs granted a BRL 125 million loan to Mercado Libre in Mexico;
- Mercado Pago operates in Brazil, Argentina, and Mexico.
Goldman Sachs has granted a BRL 400 million credit line to finance loans from Mercado Libre to micro and small companies in Brazil, according to a statement on Thursday.
The loans will be granted through Mercado Libre’s financial services arm, Mercado Pago.
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Goldman Sachs said the credit line is one of the largest it has ever provided for a fintech in Brazil. Last year, Goldman Sachs granted a BRL 125 million loan to Mercado Libre in Mexico.
Mercado Pago operates in Brazil, Argentina and Mexico.
READ ALSO: Mercado Libre’s active users jumped 45% in the second quarter
In April, Mercado Pago said it was extending a BRL 600 million credit line to help small businesses cope with the economic impact of the coronavirus pandemic.
Translated from Portuguese to English by Fabiane Ziolla Menezes
