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BNDES, in partnership with the Environmental Ministry - MMA, created, in April 2007, the REFLORESTA, a credit line to support reforestry development in the Carajás Sustainable Forestal District, by means of: (1) support to commercial plantation of rapidly growing species, and (2) support to plantation of native species, under the following conditions:
 Financing for the plantation of rapidly growing species
 Purpose
Financing for the commercial plantation of exotic or native species in proprietary or leased areas and for forestal
fomentation.
Beneficiaries
Forestal basis companies that certify environmental regularity (licenses, environmental commitment agreements and conduct adjustment agreements, depending on the case).
Items Covered by the Financing
Investments on activities of plantation, reform, sprout again and maintenance in proprietary or third party
areas.
Forestal fomentation through advanced revenue in the form of anticipated purchase of wood produced in third party
areas.
Expenses for obtaining Forestal Certification.
Operating Modality
Direct Operation (carried out directly with BNDES)
Financing Conditions
Interest Rate: Financing Cost + BNDES 1.0% p.a. Basic Spread + Credit Risk Rate
Total Duration
Up to 108 months, including grace period of up to 84
months.
Level of Participation
Up to 90% of items financed for large companies and up to 100% of items financed for MPMEs [Micro, Small and Medium-Sized Companies].
Financing for plantation of native species forests
Purpose
Financing to native species plantations for recomposition of areas and for commercial exploration, under the guidance of EMBRAPA.
Beneficiaries
Legal entities that certify environmental regularity (licenses, environmental commitment agreement and conduct adjustment agreement, as the case may be).
Items Covered by the Financing
Investments on activities of plantation, reform, sprout again and maintenance in proprietary or third party
areas.
Expenses for obtaining Forestal Certification
Operating Modality
Direct Operation (carried out directly with BNDES)
Financing Conditions
Interest Rate: Financing Cost + BNDES 1.0% p.a. Basic Spread + Credit Risk Rate
Total Duration
Up to 180 months, with grace and amortization terms being defined according to the commercial exploration model for the financed
plantation.
Level of Participation
Up to 100% of items financed, for MPMEs.
Addressing
Supporting applications are addressed to BNDES by means of a Consultation-Letter - completed in accordance with the directions in the
Guide on Information for
Previous Consulting - sent by the interested
enterprise, to:
Banco Nacional de Desenvolvimento Econômico e Social -
BNDES
Área de Planejamento-AP
Departamento de Prioridades-DEPRI
Av. República do Chile, 100 - Protocolo - Ground Floor
20031-917 - Rio de Janeiro, RJ
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