Brazil's "Worker Credit" program approved R$14.6 billion in loans

Brazil's "Worker Credit" program has reached R$14.6 billion in approved loans, according to the Ministry of Labor. This signifies a significant increase in worker access to credit. The program, launched in March, has facilitated 2.6 million loans to 2.5 million workers, with an average loan value of R$5,500. Banco do Brasil leads lending with R$3.79 billion in loans, followed by other financial institutions. The average loan term is 18 months, with monthly payments of R$316.29. The program's growth reflects increasing demand for worker loans and the active participation of various financial institutions.