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Brazil: 26% of small businesses are in default

The Brazilian Service of Support to Micro and Small Enterprises (Sebrae) estimates that 26% of small businesses are in default.

The information results from a survey conducted by the institution in partnership with the Brazilian Institute of Geography and Statistics (IBGE).

According to Sebrae's data, 63% of these small businesses are in debt.

More than half of them state that their monthly costs are committed with these payments, according to the website Poder360.

The proportion rises to 61% in the individual microentrepreneur segment.

Even with debts, small business entrepreneurs resist applying for credit.

The survey shows that only 34 . . .

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