Brazil launches subsidized motorcycle credit program for app-based delivery drivers
Key takeaways
- The program will offer annual interest rates of 11.5% and 12.5% for female and male drivers, respectively, Planning Minister Bruno Moretti said during an event at the presidential palace in Brasilia.
- The central bank s current benchmark interest rate is 14.5%.
- Moretti said state-run lenders Caixa Economica Federal and Banco do Brasil will provide financing to eligible borrowers, noting that a government fund will mitigate credit risk by covering part of any potential losses.
Brazil launches subsidized motorcycle credit program for app-based delivery drivers FILE PHOTO: A man pushes his motorcycle with a face mask depicting Brazil’s President of the Chamber of Deputies Hugo Motta attached during a protest for improved working conditions and against proposed legislation regulating app-based work, in Sao Paulo, Brazil, April 14, 2026. REUTERS/Amanda Perobelli/File Photo · Reuters Reuters Sat, June 13, 2026 at 12:30 AM GMT+7 2 min read BRASILIA, June 12 (Reuters) - Brazil s government on Friday launched a subsidized credit program for app-based delivery drivers to purchase motorcycles, in a fresh move to boost demand and support a part of the workforce that has expanded rapidly in recent years.
The program will offer annual interest rates of 11.5% and 12.5% for female and male drivers, respectively, Planning Minister Bruno Moretti said during an event at the presidential palace in Brasilia.
The central bank s current benchmark interest rate is 14.5%.