translated from Spanish: Morelia government starts 2020 benefiting women entrepreneurs and micro-enterprises

Morelia, Michoacán.- Fulfilling the commitment of the municipal president, Raúl Morón Orozco, the Secretariat of Economic Development of Morelia, headed by Gabriela Desireé Molina Aguilar, in partnership with the Municipal Institute of Women for Sustainable Equality, under the direction of María Concepción Torres Zaragoza and in agreement with the Integral Financing System for the Development of Michoacán, chaired by Gustavo Meléndez Arreola, deliver credits under two groups of the program “Juntas por Nuestra Prosperidad” Incuba-T”.
SEFECO invites the entrepreneurs of the municipality to approach this unit, which is the only window to access these same financings that is part of the social and solidarity economy; their end is for accredited individuals to develop production networks that allow them to generate resources.
For the “Together for Our Prosperity” Program, creditors must be women between 18 and 75 years of age, must provide legible copy of their official photo ID, original application, CURP, proof of home address and business, birth certificate, business plan, documents for the guarantee are proof of address and proof of economic solvency, birth certificate and copy of official identification.
The care sector for the “Incuba–T” programme is for natural or moral persons engaged in some economic activity, that has feasibility projects approved by SEFECO, with good credit history but that due to lack of liquidity can not make its ideal of business a reality, respectively “Incuba-T Social” is aimed at people working in productive projects of the social sector of the economy such as workers’ companies, cooperative societies, mutual mutuals or groups that want to be part of the sector.
The financing schemes range from one thousand and up to 100 thousand pesos, the payment terms are up to 24 monthly payments and with a very low interest rate in the market. Those interested should approach the facilities of SEFECO, (Calle Rey Hicugaje #114, Colonia Vista Bella), you can also consult the fanpage of Fomento Económico Morelia.

Original source in Spanish