The city of Zapopan has introduced a new initiative called “Bájale a tu deuda.” This program aims to support local businesses by providing a refinancing scheme to consolidate debts. It is specifically targeted at individuals engaging in entrepreneurial activities, enhancing their financial liquidity.
Details of the “Bájale a tu deuda” Program
This scheme allows eligible individuals to access funds ranging from 10,000 to 450,000 pesos. The repayment terms vary from 6 to 36 months. The annual interest rates are set between 8.9% and 38.9%, depending on the borrower’s credit profile.
Financial Support and Guarantees
- The program is backed by a 10 million peso Guarantee Fund.
- This fund aims to expand financing opportunities for small and mediumsized enterprises.
- The initiative has been launched by the Secretary of Economic Development, Cindy Blanco Ochoa.
Digital Operation and Requirements
The “Bájale a tu deuda” program operates online, incorporating life insurance in its offerings. There are no penalties for early repayments. To qualify for the program, applicants must meet several criteria:
- Residence or business activity in Zapopan.
- Proof of repayment capacity.
- A minimum credit score of 650 from Buró de Crédito.
Involvement of Financial Institutions
The Promotora del Financiamiento para el Desarrollo de Jalisco (PROJAL) is active in assessing risks and ensuring regulatory compliance. The Zapopan government manages the beneficiary registry through its platform, Adelante Zapopan.
“Yo Te Presto” provides the necessary technology for quick evaluations and digital traceability, enhancing operational efficiency.
Availability and Further Information
The credit program is expected to be available early next year. Interested parties can reach out to María José Martínez, the head of Adelante Zapopan, for more details via email at [email protected].