Purpose

Promote digital inclusion to the population, providing better conditions for the purchase of new computers manufactured in Brazil, with operational system and applicative in free software and resources to access the Internet, in accordance with the rules of the Project Citizen Online - Computers for All, of the Federal Government.

See: www.computadorparatodos.gov.br/

BNDES will reach this objective by offering special financing conditions to retailing trade enterprises in the purchase of personal computers, exclusively from manufacturers accredited by BNDES for such Program, and provided that such retailing enterprises also offer to final consumer special price conditions for the product and for interest rate on financings.


Clients

Companies from the retail market, within the sectors framed under the codes listed below, from Classificação Nacional de Atividades Econômicas [National Classification of Economic Activities] - CNAE, version 2.0, of IBGE: 

· G.47.11-3: Retail market of general products, with predominance of food products - supercenters and supermarkets; 
· G.47.13-0/01: Department stores and fashion stores; 
· G.47.13-0/02: Stores with great variety of products, except department stores and fashion stores; 
· G.47.51-2: Retail market specialized in computer equipment and supplies; 
· G.47.53-9: Retail market specialized in home appliances and audio and video equipment; and 
· G.47.89-0/99: Retail market of other new, non-specified products


Eligible Items

New desktop computers and laptops manufactured in the country and accredited at BNDES, which comply with the specifications established in the Federal Government's Connected Citizen Project - Computer for Everyone.


Term of Loan

12.31.2009.


Financing Lines

Special Agency for Industrial Financing [FINAME]- for operations through accredited financial institution. 


Interest Rates

Financial Cost + BNDES Fees + Accredited Financial Institution Fees  

Financial Cost
Long-Term Interest Rate [TJLP]

BNDES Fees
4.5% p.a., which may be reduced to 1.0% p.a., provided that the retailing enterprise commits to charge the final consumer, as interest rate, up to 2.0% per month.  

Accredited Financial Institution's Fees
up to 2.5% p.a.


Level of Participation

Up to 100% on the acquisition value of assets.


Maturity

Up to 30 months, including a grace period for up to 6 months.


Collaterals

In case of direct operations with BNDES, defined at the time the operation is analyzed. 

In case of indirect operations, negotiated between accredited financial institutions and the client 


Specific Criteria 

· At retail, the sales price to the end consumer may not exceed one thousand and two-hundred reais (R$ 1,200.00) for desktop computers and one thousand and eight-hundred reais (R$ 1,800.00) for laptops.
· The configurations of the financeable items must be those established in the Federal Government's Connected Citizen Project - Computer for Everyone. 
· Obligation to be taken up by the Retail Company to charge the end consumer up to three percent (3%) per month, as interest rate.
· Obligation to be taken up by the borrower of the financial collaboration of presenting to BNDES, with a copy destined to the accredited financial institution, as the case may be, within 180 days, counting from the use of the last credit installment, the Special Auditing Report per financing operation, elaborated by an independent external auditor registered under Comissão de Valores Mobiliários [Securities and Exchange Commission] - CVM, which will (a) register and total the product sales by manufacturers to retailers; (b) register and total the product sales by retailers to end consumers; and (c) point out that all sales made to end consumers, recorded in the Special Report, correspond to the products purchased with financing from the "Computer for Everyone" Program, and were indeed made according to the conditions established in the referred Program.


Application

Contact the accredited financial institution of your choice, which will inform the necessary documentation, will examine the possibility of granting credit and will negotiate the collaterals. After approval by the institution, the transaction will be forwarded for legal ratification and subsequent release of resources by BNDES.