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COVID-19 Emergency Support Program for MSMEs in Mexico

Sector: Government • Location: Mexico

Source: KFW Bank aus Verantwortung

Project
Active

An FC development loan of up to USD 112,730,000 (equivalent to EUR 100,000.00) to the Mexican state development bank Nacional Financiera S.N.C. (NAFIN) is intended to finance measures that help mitigate the negative economic and social impacts of the COVID-19 pandemic on small, micro and medium-sized enterprises (MSMEs) in Mexico. An open credit line offered by NAFIN through other financial interm

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The project “COVID-19 Emergency Support Program for MSMEs in Mexico” is an infrastructure initiative in the Government sector, located in Mexico. Taiyo aggregates data on it from KFW Bank aus Verantwortung.

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Description

Description

An FC development loan of up to USD 112,730,000 (equivalent to EUR 100,000.00) to the Mexican state development bank Nacional Financiera S.N.C. (NAFIN) is intended to finance measures that help mitigate the negative economic and social impacts of the COVID-19 pandemic on small, micro and medium-sized enterprises (MSMEs) in Mexico. An open credit line offered by NAFIN through other financial intermediaries is intended to provide MSMEs with emergency loans with preferential terms. The aim is to strengthen the viability of MSMEs, secure jobs and ultimately protect the self-employed and employees from negative impacts or even the loss of their livelihood.

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High

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