Your First Credit (Tu Primer Crédito)

Your First Credit (Tu Primer Crédito)

Offers first-time-credit access for Mexican enterprises through bureau-verified lending for operations and growth.

Tu Primer Crédito is a first-time SME credit program operated by Nacional Financiera (NAFIN), Mexico's federal development bank, aimed at micro, small, and medium enterprises (MIPYMEs) — including individuals with formal business activity and legal entities — that have never previously accessed SME financing. Eligibility is validated through the credit bureau, which must confirm the absence of any prior SME loan record. Applicants must have been operating for at least one year and must provide current legal and financial documentation.

Loans are denominated in Mexican pesos and reach up to MXN 5,000,000 at a fixed annual interest rate not exceeding 14.50 percent. Repayment terms extend up to 60 months, with a grace period of up to 6 months. A notable feature of the program is that no mortgage collateral is required for loans up to MXN 2,000,000, reducing the barrier for businesses without real estate assets. Six partner commercial banks distribute the product: Afirme, Banamex, Banorte, Banregio, BBVA, and Mifel.

Applications are processed through any of the six participating banks. Borrowers present their business registration documents, credit bureau authorization confirming first-time SME status, and at least one year of operating history. The program is specifically structured for the segment of Mexican SMEs that have formal operations and credit bureau records but have not yet taken on institutional SME debt, providing them with an entry point to the formal financing system at controlled rates without requiring real estate collateral on smaller loan amounts.