Micro-business SME (Micronegocio Pyme)

Micro-business SME (Micronegocio Pyme)

Funds formal Mexican microenterprises with working capital and fixed-asset loans after credit history review.

Micronegocio Pyme is a formal-sector microenterprise loan program administered by Nacional Financiera (NAFIN), Mexico's federal development bank, channeled through partner commercial banks — Banamex, Banorte, and Mifel. The program provides working capital and fixed-asset financing to small businesses that have demonstrated at least 12 months of operations and maintain a positive credit bureau history. Eligible uses include inventory purchases, supplier payments, machinery acquisition, and facility modernization.

Loan amounts reach up to MXN 500,000, denominated in Mexican pesos, at a fixed annual interest rate of no more than 15 percent. Repayment terms extend up to 36 months, with a grace period of up to 6 months available. A co-signer or co-obligor is required as part of the credit structure. Only formal microenterprises are eligible; sole-proprietor applicants must conduct their activity in a documented, registered capacity.

Applications are processed through the three participating banking institutions rather than directly through NAFIN. Prospective borrowers should approach Banamex, Banorte, or Mifel branches with their business registration documents, credit bureau authorization, and a co-obligor agreement to begin the assessment process. The program is designed to fill the credit gap for microenterprises that exceed the minimum threshold for informality but are too small or early-stage to qualify for standard commercial SME loans, making it one of NAFIN's entry-level credit instruments for the formal small-business sector in Mexico.