The Authorities of Mexico Metropolis will assist the capital’s Mipymes with 50 thousand loans of 10 thousand pesos

The authorities announced four measures to assist CDMX residents in this new phase of detention.

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December 22, 2020 4 min read

This article was translated from our Spanish edition using AI technologies. Errors can occur due to this process.

  • Loans to micro and small businesses.
  • New support for people who work in formal and informal restaurants.
  • Advancement to supplies and uniforms in My Grant to Begin.
  • Tax economic support.

Mexico City returned to the red epidemiological light this Saturday the 19th as the number of hospitalizations in the city increased for COVID-19. This measure is valid until January 10th.

In this context, during the daily conference by Claudia Sheinbaum, head of government of the company, four “special” economic support packages were announced to the residents of the capital.

Luz Elena González Escobar, Minister of Administration and Finance of Mexico City, stated that it will be about:

1. Loans to micro and small businesses

Under this program, the government provides 500 million for 50,000 loans and grants a single amount of 10,000 pesos per company with a payment term of 24 months and a grace period of 4 months. The interest rate is zero.

2. New support for people who work in formal and non-formal restaurants

A one-time grant of 2,200 pesos (half of the minimum wage) per employee is granted on this page. The aim of this campaign is to reach 100,000 workers in this state. It is important to note that registration will begin tomorrow, December 23rd, through the official website.

“This universal support for workers who have to cease their activities at this point due to the closure of these three weeks,” explained González Escobar.

3. Improvement of supplies and uniforms in My Beginning Scholarship

This support applies to all families with daughters and sons who are enrolled in the public primary education system in Mexico City. The advance for supplies and uniforms is an amount of money: in the case of a pre-school from 360, a primary school from 410, a secondary school from 450 and for several attention centers from 450 pesos.

This is on top of the ongoing support from “My Beginning Scholarship” that will be deposited in early January. Families receive the appropriate amounts for each child.

4. Tax economic assistance

This is a wage tax cancellation for companies in the historic center. Small businesses in non-essential businesses are fully outsourced. This measure applies to both polygons A and B.

How do I access Mipymes credits?

To access the micro, small and medium business credits, you need to go to the official website and meet the following requirements:

  1. Official identification (voting card, identity card or passport).

  2. Unique Population Register Code (CURP).

  3. Proof of address in Mexico City and proof of business.

  4. Obligad @ Solidari @ with official ID and vouchers.

  5. Electronic signature and delivery of contract, promissory note and amortization table.

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