http://www.nextbillion.net/blogs/2006/07/07/consumer-credit-hits-brazil Comments for "Consumer Credit Hits Brazil" en http://www.nextbillion.net/blogs/2006/07/07/consumer-credit-hits-brazil <p style="padding: 5px; float: left;"><a href="http://www.free-credit-repair-kit.com/overcomewith_credit.gif"><img src="http://www.nextbillion.net/files/images/Credit.img_assist_custom.gif" alt="" title="" class="image img_assist_custom" width="142" height="175" /></a></p>For someone like Marcia Regina da Cruz, a Brazilian janitor who earns just over $150 per month, grocery shopping is a painfully difficult task.  What this mother of three can buy to feed her children is almost always determined by the amount of spare change she can muster on a given day.  So when she bought three irons as presents for $32 she had done the impossible.  Thanks to a new set of policies at Brazil’s largest grocery and retail stores, Marcia and other low-income Brazilian consumers can now make purchases in monthly installments with almost no interest.  <a href="http://select.nytimes.com/gst/abstract.html?res=F30B11FF385A0C718DDDA80994DD404482" target="_blank">According to the New York Times</a>, the new policies, which provide “low-cost credit for low cost-items,” are an attempt by retailers to “squeeze more spending from the big, but cash-short, bottom of the consumer base in Brazil, South America’s biggest economy.”<br class="clear" /><p><a href="http://www.nextbillion.net/blogs/2006/07/07/consumer-credit-hits-brazil">read more</a></p> http://www.nextbillion.net/blogs/2006/07/07/consumer-credit-hits-brazil#comment Consumer Products Financial Services Miscellaneous Successful Models Fri, 07 Jul 2006 11:14:56 -0400 Ethan Arpi 2984 at http://www.nextbillion.net