The SIM program (Digital Microcredit Simplification for Entrepreneurs), created by the federal government in partnership with Caixa Econômica Federal, continues to be available on the Caixa Tem App. With it, you can take out loans worth up to R$ 1 thousand without complications.

Therefore, it is worth mentioning that the product is aimed at people who want to start a small business and need money to invest. So, millions of Brazilians are qualified to apply for microcredit.

First introduced in March 2022, this resource serves not only individuals, but also individual micro-entrepreneurs (MEIs). However, it is worth noting that in this case the credit limit is up to R$ 3,000 and the conditions for MEI are different.

This is because the limit offered to individuals is R$ 1,000, with an interest rate of 1.95% per month and a payment period of up to 24 months. In the case of MEI, the entrepreneur can take out a loan of up to R$ 3,000, with interest starting at 1.99% per month and the same 24 months to pay off the debt.

Furthermore, in the case of MEI, hiring is only possible at Caixa branches. It is also worth mentioning that all resources are guaranteed by the FGM (Caixa Microfinance Guarantee Fund).

Yes, anyone who is negative can apply for the loan. Therefore, even if the citizen has a bad name, it is possible to apply for the loan and the only requirement is that he does not owe more than R$ 3,000.

For MEI, in addition to bank debts of less than 3 thousand reais, it is also necessary to have worked with the CNPJ for at least 12 months before taking out the loan.

Therefore, hiring for individuals is available at Caixa Tem. Therefore, it is necessary to update the tool with all the necessary documents and then access the “Crédito Caixa Tem” menu to proceed with the request. 

Once this is done, simply wait for the request to be approved, which will be deposited into the digital savings account within 7 business days after approval.

See more: