Financial support

Aware that difficulty in accessing credit can be an obstacle to the development of small and medium companies, Inove has created partnerships with a number of financial institutions. The aim is to offer our suppliers credit lines with more attractive rates and timescales.

There are two facilitated credit lines available to suppliers that have a contract with Vale: the Suppliers’ Loan Fund (known by its Portuguese acronym, “FFF”); and “@NF,” a scheme for early payment of receivables.

@NF Early Payment of Receivables
	Objective	Short-term working capital
	How it works	Early payment of invoices already approved in the Vale system at one of the Inove partner banks
	Partner banks	Bradesco and Itaú
	Rates	Competitive and differentiated
	IOF tax	This tax is not levied

FFF Suppliers’ Loan Fund
	Interest rate	Around 1% per month
	Loan limit	It is possible to request an amount up to 50% of the remaining contract value, up to a limit of R$2 million
	Repayment period	Up to 70% of the remaining contract period, limited to 24 months
	Time taken to provide resources following approval	If the supplier has correctly followed the loan rules, around 30 calendar days
	Partner banks	Bradesco and Banco do Brasil
	Suppliers	Small and medium

Requirements for applying for the @NF product:

To have a credit recognized by Vale, resulting from the provision of goods or services;
To comply with the bank’s credit policy.

How to obtain credit:

The tax invoices (notas fiscais) are sent every Friday to the banks. You need to check on the partner bank’s website whether the payment associated with the service provided has been authorized by Vale. If so, the supplier can take out a loan for this amount on the website or at a branch of the bank in question.

Suppliers’ Load Fund (FFF)

Requirements for applying for the FFF:

To be an active Vale supplier;
To have an average IDF score of at least 60 in the last two measurements for the same area;
To have a current account at a bank that is part of the scheme and to comply with its credit policy;
Not to be using more than one Inove program financial product at the same time.

To request a loan from the FFF, follow the instructions below:

Download the application form and fill in your company’s details, maintaining the file in Excel format;
Print and sign the user agreement;
Email both documents to inove.financiamento@vale.com, requesting an FFF eligibility analysis.

You can access the application form and user agreement here. Vale will analyze the request and contact you, stating whether or not you are eligible for the loan.