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Mexico City Overhauls Fondeso With Seed Grants and 0%–3% Microloans Up to 100,000 Pesos

The revamped program takes effect once its rules appear in the city’s official gazette.

Overview

  • City leaders unveiled new operational guidelines that position Fondeso to push small businesses toward formality and reduce poverty in local entrepreneurship.
  • Support now centers on two products: Ikal, a non‑reimbursable seed grant of 25,000 pesos, and Xitopehua, microcredit from 10,000 to 100,000 pesos with 0% for 10–30k loans and 3% above that.
  • Repayment terms extend to 24 months for mid‑tier amounts and up to 36 months for the largest loans, according to officials.
  • More than 500 million pesos fund the program this year, including 200 million earmarked for women’s economic autonomy.
  • Priority groups include women, youth, older adults, and CDMX‑based small businesses, with all beneficiaries receiving technical accompaniment and access to new credit immediately after early repayment; applications are handled online and at alcaldía modules.