Friday, September 29, 2023

BCS MSMEs and SMEs benefit program is implemented

Los Cabos; BCS.- The Association of Banks of Mexico (ABM) announces a new program at the national level that will reduce the requirements for Micro, small and medium-sized enterprises (MSMEs), as well as small and medium-sized enterprises (SMEs) can have access to better financing.

The move, which began in August, aims to benefit more than 17 thousand new companies for more than 10 billion pesos annually. In Baja California Sur, the National Banking and Securities Commission (CNBV) approved these measures with the aim of promoting the economic development of the entity.

In this sense, the representative of Nafin and Bancomext banks in Baja California Sur, Pablo García Fenech, It is pointed out that the main micro, small and medium-sized companies are located in Los Cabos and La Paz, where it is possible to access credit of up to more than 2 million pesos with low prices:

“Across the country, 97% of national companies are SMEs, so one thing we do at Nacional Financiera is that our mandate tells us that we need to promote access to financing for SMEs. We there are sectoral and guaranteed programs especially for them, which improve credit conditions for them, that is lower rates, relatively long terms and in some cases grace periods to pay and the program is what we promote together with Commercial Banking,” he said. .

According to the financier, Baja California Sur has a low incidence of loans for business loans, Therefore, it is considered an entity with good financial education.

Nation World News Desk
Nation World News Desk
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