As dificuldades de acesso ao crédito das micro e pequenas empresas (MPE) e o papel do BNDES no seu financiamento

Abstract

The objective of this study is to analyze the difficulties of access to credit for financing micro and small enterprises (SMEs) in the Brazilian economy and the BNDES 'role in financing them. According to post-Keynesian theory investment is essential for companies to expand their production without the prior need for savings. The investments, to be made, depend on the participation of financial institutions in the granting of loans. This lack of credit by parts of financial institutions occurs due to a lack of assurance and information about MIPs, making it difficult for banks to analyze their risk. In addition, there is a low attractiveness of the private sector to this type of financing. However, the state through development banks acts decisively in sectors of little interest to the private sector. Therefore, the National Bank for Social Development (BNDES) operates in the Brazilian market as an important financier of micro and small companies in Brazil, correcting the failures left by the private sector.