Clipping of news on Brazilian Culture, Law and Citizenship
08/24/2010
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO Paulo - In July, there were 809.211 loan transactions recorded, performed by retirees of the INSS (National Social Insurance Institute), and 799.579 of them represented contracts and 9600 personal loans, credit card transactions.
According to the Social Security payroll loans 431.335 000 - 53.30% of the total - were taken by policyholders with income below the poverty level.
Retirees and pensioners in this income bracket yet responded for a total of R$ 920.54 million in operations, and the average value in the personal loan was R$ 2.151,83.
In total, moved R$ 2,30 billion through loan transactions recorded in July. The amount is 2.7% lower than the same month last year.
Values
With respect to those receiving between one and three minimum, which represented 29.5% of operations, the average value of contracts was R$ 2.914,31 in personal loan only in July. Already those with income above three minimum, with participation of 17.2%, hired personal loan, on average, R$ 5.040,75.
Of the total loan operations personnel, 36.08% were made by policyholders aged between 60 and 69 years. The share of 23.53% corresponded to the use of retirees aged 50 and 59 years.
Over 80% of the contracts provide for tranches 49-60 months.
Source: Money Info
This article was translated by an automatic translation system, and was therefore not reviewed by people.