In support of the productive entrepreneurship of the Yucatecan population that does not have access to traditional bank financing due to their economic conditions, the State government delivered 2,474 Social Credits to small start up businesses and innovative projects.
With a total of 44.5 million pesos, 80% of the loans granted through the Ministry of Social Development (SEDESOL) have been directed to women.
Only last year, 513 loans were given to the same number of beneficiaries, of which 448 corresponded to new loans and 63 to renovations, which resulted in employment for an important number of women (most of them single mothers). To regain access to this type of economic support, applicants had to cover the entire payment of its first loan.
A case of success is that of María Lilian Pat Várguez, originally from the Telchaquillo community in Tecoh, Yucatán, who received a loan for 25 thousand pesos, which she used to carry out her “cocina económica” project and acquire modern equipment to offer a better service to her customers.
“This support is given to people who really needs it. Now I can also hire someone else to help me in my business and I can spend more quality time with my daughters,” María Lilian Pat stated.
Among the most common business lines are grocery stores, beauty salons, sewing workshops, stationeries, , shoe stores, “cocinas económicas”, bakeries and cochinita eateries.
The Social Credits encourage and stimulate the development of microenterprises and productive activities among Yucatecan women, granting them a valuable opportunity to turn a dream into a success story, improve the education of their children and contribute to the economic progress of the state.
This scheme considers three different aspects which have a rate of 6% annual interest, well below the requirements of traditional banks.
Mixed loans can be requested for up to 35 thousand pesos to be covered in 24 months of amortization; for working capital, for up to 20 thousand pesos that can be paid in 18 months; and for the acquisition of equipment, with a stock market of up to 50 thousand, that has to be covered in 36 monthly payments.
Another example of the benefits of this scheme is the taqueria “La cochinita.come“, in western Mérida and owned by Rosario López Parcero, who was granted a loan for the second time.
With more than five years of activities, this business received a first support of 30 thousand pesos in 2014, improved its infrastructure and incorporated five emloyees. In 2017, the same business obtained a loan of 33 thousand pesos, which was used to acquire new equipment and kitchen materials to provide a better service.
more recommended stories
Protesters show up at informative public meeting regarding the Maya Train Project in Mérida
On Friday, May 13th, civil groups,.
Renán Barrera seeks to attract projects from countries members of the European Community
“The best way to promote economic.
Homicides and extortions unstoppable in Acapulco, Mexico
With information from Alina Navarrete Fernández/Correspondent / Latinus.
Tragedy in Tixpéhual, Yucatan; once again a young man takes his own life in this town
On Wednesday, May 11th, a 24-year-old.
Yucatan is present at the Binational Summit of Prosecutors in the United States
The flow of illicit merchandise, human.
Moisés Poot Tun is the pride of Hunucmá!
Shoes, bags, key rings, belts, earrings,.
Yucatecan mother demands her son to be transferred due to constant school bullying
Mother denounces bullying in Kinchil elementary.
Yucatan prepares for the start of the hurricane season
The facilities of the Ninth Military.
Ladder found while cleaning the bottom of the famous Zací cenote in Valladolid
The famous Zací cenote in Valladolid,.
Progreso, Yucatan will have a floating water park in front of the International Malecón
Very soon Progreso will have a.