In 2021, 327,000 supports of this type were granted for entrepreneurs throughout the country.
If you are looking to start a business or improve the conditions of the one you already have, you can access a government program that supports entrepreneurs with interest-free micro loans that help their conditions and economic situation improve, by being able to start a new business or grow their venture.
Las Breaks for Wellbeing, also known as Microcredits for Wellbeing, are a program of the Government of Mexico that seeks to support small businesses and entrepreneurs in towns in situations of medium, high and very high marginalization.
Through its two modalities, this program seeks improve people’s living conditions from a gender and social inclusion perspective prioritizing people who are members of indigenous or Afro-Mexican populations and/or who live in places with high rates of violence.
The consolidation modality is a call open to the public where people at least 30 years old can access the program. On the other hand, the JCF Month 13 modality focuses on graduates of the Youth Building the Future program who have completed the training course and expressed their interest in starting a microbusiness.
Characteristics of the ‘Tandas para el Bienestar’ microcredits
Proof of income is not required, nor are guarantees, endorsements or credit history. Microcredit does not charge interest, is delivered in the short term and is repaid with the income of the beneficiaries. Offers a one-month grace period before starting the full refund in 10 monthly installments. You can access four consecutive microcredits, as long as they are repaid.
Requirements to register for the ‘Tandas for Wellbeing’
Within the consolidation modality, the main requirement is that the person interested in being a beneficiary is at least 30 years old and has their own business with more than six months of operation, in addition to not carrying out any agricultural activity. For the rest, only a valid official identification and the CURP will be necessary.
For the modality Month 13 Young People Building the Future It is necessary to be a graduate of the Youth Building the Future Program, be interested in creating your own non-agricultural business and take and complete a training course for your microbusiness.
What are the aid amounts for the ‘Tandas para el Bienestar’?
The amounts of the different batches vary according to the performance of the interested party in covering the payments, and that is, when settling the batch in which you are part and by making payments on time through Telecomm you will be able to access the following, which means a greater amount that helps the development of your business:
First batch: 6,000 (six thousand pesos) Second batch: 10,000 (ten thousand pesos) Third batch: 15,000 (fifteen thousand pesos) Fourth batch: 20,000 (twenty thousand pesos)
How to register for the ‘Tandas para el Bienestar’ program?
Until now, and due to the electoral ban, the program is not open to new registrations so you should keep an eye on the official Tandas para el Bienestar website starting next July 3, the day after the elections in Mexico, to find out if the platform will receive new registrations.