The bank of Venezuela (BDV) has available to its microcredit clients designed to support entrepreneurs and small businesses, with the aim of financing productive, commercial and services activities that contribute to the country’s economic growth.
This financial product allows applicants to access amounts adjusted to their ability to pay, with deadlines and conditions established according to current regulations and internal BDV policies.
Bank of Venezuela: Requirements to request the microcredit
To access a microcreditthe BDV requests the following collections:
Personal requirements
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Current identity card of the applicant.
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Refreshment of the applicant.
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Notaries of the agent (if applied).
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Mercantile registration from the company.
Financial requirements
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Certificate of the national Registry of Entrepreneurships (RNE) (Apply only for Credemprende BDV).
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Last three bank account states with customer identification in other financial institutions (national and foreign currency, if applied).
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Last Income Tax Declaration (ISLR) with its respective electronic certificate of Internet reception.
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BUDGET OF THE GOOD, merchandise, remodeling, improvements, supplies or supplies related to the requested credit (Type of budget does not apply for Credimujer BDV).
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Title of property or adjudication of registered assets (If the asset is associated with economic activity).
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Photographic report of the activity (Includes photos of the business facade, of the applicant carrying out the activity, merchandise and inventory, social networks and sales captures made by WhatsApp or social networks).
Microcredit characteristics
BDV microcredits have the following conditions:
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Amount to finance: Subject to the applicant’s ability to pay.
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Term: Determined after evaluation according to current legal regulations.
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FEES: Expressed in Credit Value Units (UVC) and paid in Bolivarscalculated according to the Implicit currency index (IDI)according to the Resolution of the Central Bank of Venezuela No. 03-22-01published in the Official Gaceta No. 42,341 he March 21, 2022.
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Interest rate: According to the active market rate, in accordance with the provisions of the Central Bank of Venezuela.
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GUARANTEES: They may include bail of legal or natural person, real estate or furniture mortgage, securities, movable property, animals, among other options as required by the institution.
Application process
The documents must be sent in PDF format, ensuring that each collection is digitized individually and legible, with leaf scanning configuration, gray scale and 150ppp.
During the analysis of the application, the Bank of Venezuela may require additional information to complete the management. Once the documents have gathered, the applicant must contact an executive in the BDV offices to formalize the procedure.
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