Bolsa Família is a program created and developed by the Federal Government to distribute income to people in a state of poverty or extreme poverty. Created in 2003, it has undergone changes over the years, but continues with the proposal of being a system for unifying income distribution as a public policy.

Although it's not a very well known or publicized resource, the Bolsa Família Loan is a federal government program that exists and can be a very significant help to many people.

The Bolsa Família loan came into being in 2017 and is a program based on granting microcredit to families who are already registered in the Unified Registry. The initiative exists so that these family groups can create their own small businesses and invest in improving their living conditions.

As it is a very new and recent option, many families are unaware of the Bolsa Família loan.

The main criteria for those wishing to take part in the program are to have a guarantor for the loan, to have an income other than the Bolsa Família benefit, to want to start a business or enterprise and to be aware that legal representatives and program officials can make random visits to assess the family's situation.

To be approved, the individual must be assessed on income and assets and fit the criteria.

The program is extremely advantageous because microcredit is available at low interest rates.

How to Apply for a Bolsa Família Loan

This is to make it easier for those interested to join and to avoid default within the program. To apply for the loan, you must go to a Caixa Econômica Federal branch with your documents and benefit card Scholarship Family you already have.

With a representative of the program and the procedure carried out, you will be evaluated and your data will be processed in order to confirm or not the possibility of your participation in the program.

If you are approved, you will have a set time for the official representatives to visit your home and then take the next steps to obtain the money. The deadline for approval or not is 8 days. If you are approved, you will be informed of the date you will receive the money and the amount available to you within the program.