Brazil launches Move Brasil credit line for delivery riders
On 27 July 2024 the Brazilian federal government launched the Move Brasil Entregadores e MotoApp programme, a credit line aimed at financing motorcycles, motorbikes and electric bicycles for app‑delivery workers and moto‑taxi drivers. Operated by Caixa Econômica Federal with subsidies from the Social Infrastructure Investment Fund (FIIS) and guaranteed by the Operations Guarantee Fund (FGO), the scheme can cover up to 100 % of the vehicle price with no down‑payment.
The programme targets about 100 000 new two‑wheel vehicles. Applicants must have been registered on a digital platform for at least six months and have completed at least 100 rides or deliveries; CLT‑contracted workers must also have six months with the same employer. Eligible vehicles are brand‑new motorcycles up to 160 cc, flex‑engine models, electric motorcycles up to 7.5 kW and electric bicycles up to 1 kW, all manufactured in Brazil or with a national production project. Financing is repayable over up to 48 months with a two‑month grace period and interest rates of 12.5 % per year for men and 11.5 % for women.
The credit line also includes financing for charging‑station infrastructure. The workers’ association Atam criticised the initiative, saying it does not address low wages and could increase indebtedness, describing it as an electoral move.
Entities: Abel Santos · Alexandre Santos · Association of Workers by Applications and Motorcyclists (Atam) · Brazilian federal government · Caixa Econômica Federal · Delivery riders and moto‑taxi drivers · Guilherme Boulos · Luiz Inácio Lula da Silva · Move Brasil Entregadores e MotoApp · Move Brasil Entregadores e MotoApp programme
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Eligibility requires at least six months registration on a digital platform and a minimum of 100 deliveries, or six months of CLT employment. (source ID 64c2571b)
- [○ 1 SOURCE] The Association of Workers by Applications and Motorcyclists says the programme does not solve low wages and may increase debt, calling it electoral. (new)
- [● 4 SOURCES] Loans may be repaid over up to 48 months with a two‑month grace period. (new)
- [● 2 SOURCES] The programme is operated by Caixa Econômica Federal using FIIS resources and guaranteed by the Operations Guarantee Fund. (source IDs 253917af, 64c2571b)
- [● 4 SOURCES] The government aims to finance about 100 000 vehicles through the programme. (new)
- [● 3 SOURCES] Interest rates are 12.5 % per year for men and 11.5 % per year for women. (new)
- [● 4 SOURCES] The programme can finance up to 100 % of the vehicle price with no down‑payment. (new)
- [● 5 SOURCES] The federal government launched the Move Brasil Entregadores e Motoapp programme on 27 July 2024. (new)
- [● 2 SOURCES] The programme, called Move Brasil Entregadores e MotoApp, allows financing of up to 100 % of the vehicle price with no down‑payment. (253917af-8cb5-454b-b85f-e89f104108a6, 64c2571b-002b-4e74-95db-aa6782c60db9)
- [● 2 SOURCES] The programme targets financing of about 100 000 vehicles for delivery workers and motorbike‑taxi drivers. (253917af-8cb5-454b-b85f-e89f104108a6, 64c2571b-002b-4e74-95db-aa6782c60db9)
- [○ 1 SOURCE] Interest rates for the loans are fixed at 12.5 % per year for men and 11.5 % for women. (64c2571b-002b-4e74-95db-aa6782c60db9)
- [● 2 SOURCES] The programme is operated by Caixa Econômica Federal using resources from the Social Infrastructure Investment Fund and guaranteed by the Operations Guarantee Fund. (253917af-8cb5-454b-b85f-e89f104108a6, 64c2571b-002b-4e74-95db-aa6782c60db9)