MercadoLibre's financial arm to extend loans to small businesses in Brazil [Reuters]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Reuters
MercadoLibre's financial arm to extend loans to small businesses in Brazil SAO PAULO, April 15 (Reuters) - MercadoLibre’s financial services arm, Mercado Pago, is extending a 600 million-real ($114 million) credit line to help Brazilian medium and small businesses face the sharp drop in economic activity caused by the new coronavirus crisis. “We aim to help sellers in our platform, mainly small businesses,” said Pedro de Paula, head of Brazil credit at MercadoLibre, an operator of online marketplaces. Although large banks have announced they will ease credit conditions for smaller businesses, entrepreneurs say credit lines are shorter and more expensive. A recent survey by small-businesses industry group Sebrae found that 60% of small-business owners were not able to obtain credit since Brazil started shutting down businesses to contain the COVID-19 pandemic. Tulio Oliveira, chief executive of Mercado Pago, which operates in Brazil, Argentina and Mexico, said many small companies are
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MELI
News
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at UBS Group AG from $1,900.00 to $1,800.00. They now have a "buy" rating on the stock.MarketBeat
- MercadoLibre, Inc. (MELI) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- E-commerce firm MercadoLibre to increase staff by 30% in 2024 [Reuters]Reuters
- E-commerce firm MercadoLibre to increase staff by 30% in 2024 [Yahoo! Finance]Yahoo! Finance
- Why MercadoLibre (MELI) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- 2/14/24 - Form SC
- MELI's page on the SEC website