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Monterrey Microcredit Program Has Reached 3,910 Families

The city reports MX$53.1 million in cumulative program investment and 97.22% payment compliance, without a measurement period for the rate; another support delivery is scheduled for October 22.

Illustration for: Monterrey Microcredit Program Has Reached 3,910 Families

Monterrey’s “Microcréditos, Emprende y Resuelve” program has reached 3,910 families with a reported cumulative investment of MX$53,087,796, Economic Development Secretary Ximena Tamariz said as the city began placing plaques at participating businesses on October 12.

The program lists 713 individual credits and 369 group supports. The city and El Horizonte report 97.22% payment compliance, but neither specifies the period covered or how the rate is calculated.

Both options carry zero interest. Groups of women with active businesses may access up to MX$80,000 for 16 weeks; individual loans of up to MX$70,000 are available to people ages 21–75 with formal businesses for 12 months. Another support delivery is scheduled for October 22.

  • Cumulative program investment: MX$53,087,796.
  • Reported reach: 3,910 families.
  • Credits and supports: 713 individual credits and 369 group supports.
  • Reported payment compliance: 97.22%; measurement period not stated.
  • Next support delivery: October 22.
  • Terms: zero interest; group option up to MX$80,000 for 16 weeks, individual option up to MX$70,000 for 12 months.
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Sources · 2 sources

The primary reporting behind this brief. Open in a new tab.

  1. El Horizonteelhorizonte.mx
  2. Gobierno de Monterreymonterrey.gob.mx