Business

This is how BanBajío wants to help women entrepreneurs in Mexico

The institution aims to promote financial inclusion by providing loans and promoting a corporate culture among Mexican women.

2 min read


This is how BanBajío wants to help women entrepreneurs in Mexico
This is how BanBajío wants to help women entrepreneurs in Mexico

By the Support program for women entrepreneurs, BanBajío wants to promote financial inclusion orGiving credit and promoting an entrepreneurial culture among Mexican women who have a business and want to improve it.

This initiative is aimed at women with companies in productive activities in the following sectors: Trade, services or industry, It offers very favorable conditions and suits your needs.

28.3% of MSMEs that exist in the country are run by women and from this percentage they are 64% own their own company.

Given the need to offer products designed specifically for them, this funding is focused on helping them grow and consolidate their businesses. It can be used for equipping, expanding, remodeling facilities, acquiring inventory, or making timely payments to suppliers.

Amounts can be up to 5 million pesos credit, with maximum conditions too 60 Months.

Women entrepreneurs combine family life with professional life, with 70% providing food at home and 67% viewing their business as family. For example, 66% are responsible for their family’s finances and 77% support more than one relative financially. In addition, they are characterized by their responsibility: out of 100 women entrepreneurs who apply for a loan, 99 pay off their debts in full.

The financial institution states in a statement that this is the reason BanBajio runs flexible funding programs that are tailored to the needs of women entrepreneurs and enable them to grow their businesses.

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