Guilherme Boulos: President Lula's government, through BNDES, created a credit guarantee so these workers can obtain financing with an interest rate of R$0.99 per month, less than half the market rate.
Guilherme Boulos: so that, if they went to a dealership, they could do it in 72 installments, over 72 months, with no down payment, and take the car.
a six-month grace period; payments only start six months from then.
Guilherme Boulos: That's the program's rule.
Guilherme Boulos: But the bank is the one that grants the credit.