Introduction to the Collaboration
Guadalajara, Jalisco. To strengthen micro, small, and medium-sized enterprises (SMEs) in the state through an all-encompassing strategy that includes financial inclusion, digitalization, financial education, and access to preferential-rate financing, the Secretariat of Economic Development of Jalisco (Sedeco) and Banamex have signed a collaboration agreement.
Key Figures and Their Roles
Cindy Blanco, the head of Sedeco, explained to El Economista that the agreement is built on three main pillars. The first is financial inclusion, as she noted that three out of ten Jalisco residents lack formal bank accounts, limiting their access to better financial products and building a credit history.
Three Pillars of the Agreement
- Financial Inclusion: The agreement aims to create and maintain a credit history for SMEs, enabling them to access better credits and financial products.
- Digitalization: Solutions range from setting up payment terminals for credit card transactions to robust e-commerce platforms, allowing businesses to expand their market and diversify their customer base.
- Financial Education: The agreement includes guidance, market analysis, and specialized tools for SMEs beyond basic financial statement interpretation.
According to Sedeco’s secretary, the agreement addresses two primary reasons for business failure: customer concentration and cash flow issues. Additionally, access to financing is a crucial part of the agreement, with preferential-rate loans at around 14%, significantly lower than the current 40% rates faced by many SMEs using credit cards.
Support Towards the 2026 FIFA World Cup
Itza Morales, Banamex’s Pyme Banking Director, detailed that Banamex’s offering includes comprehensive support for SMEs throughout their business cycles, with financing solutions, daily operations assistance, digital capabilities, and asset protection.
Moreover, the agreement aims to prepare businesses for the tourism demand generated by the 2026 FIFA World Cup through point-of-sale terminal enablement.
Registration and Benefits
Interested businesses can register using a QR code available at all Banamex branches, entering the promotional code “Jalisco” to automatically access the agreement’s benefits for all SMEs in the state. Alternatively, businesses can visit Sedeco’s Pyme General Directorate to learn about additional support offerings for the SME sector.
Key Questions and Answers
- What is the main goal of this collaboration? The primary objective is to strengthen Jalisco’s SMEs by providing comprehensive support, including financial inclusion, digitalization, financial education, and preferential-rate financing.
- Why is financial inclusion important for SMEs? Financial inclusion enables SMEs to establish a credit history, access better financial products, and improve their overall financial standing.
- What digitalization solutions does the agreement offer? The agreement provides various digital solutions, such as payment terminals for credit card transactions and e-commerce platforms to expand market reach.
- What additional benefits does the agreement offer for SMEs? The agreement includes financial education, market analysis, and specialized tools to help SMEs thrive.
- How does the agreement support businesses for upcoming events like the 2026 FIFA World Cup? The agreement enables businesses to prepare for increased tourism demand by setting up point-of-sale terminals.
