There are different social programs of the Ministry of Welfare that benefit different people depending on their nature, and one of them is known as Tandas for Wellbeingoriginally called “Microcredits for Wellbeing”.
It is in this way that, according to official information from the Mexican government, the Requirements to register for the aforementioned social program are as follows::
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*Be at least 30 years old
*That the business does not carry out any agricultural activity and has been in operation for more than six months
*Current official identification
*Provide the CURP
Likewise, it should be noted that the Tandas para el Bienestar social program has two modalities, and they are the following:
*Consolidation Modality: serves beneficiaries who live in municipalities and localities with medium, high and very high marginalization; with the presence of indigenous or Afro-Mexican population and/or high rates of violence, with at least 30 years of age.
*JCF Month 13 Modality: serves graduates of the Jóvenes Construyendo el Futuro program who have completed the training course and expressed interest in starting a microbusiness.
It should be noted, at this point, that the social program of the Ministry of Welfare It is aimed at women and men who have micro-businesses and who require financing but do not have access to the traditional financial sector..
On the other hand, the Characteristics of the Tandas for Welfare of the Ministry of Welfare:
*No proof of income, collateral, endorsements or credit history is required.
*Microcredit does not charge interest, is delivered in the short term and is repaid from the income of the beneficiaries.
*Offers a one-month grace period before starting the full refund in 10 monthly installments.
*Four consecutive microcredits can be accessed, provided they are repaid.
However, As for the way in which the support is delivered, it is as follows::
*The Program provides a first support through interest-free financing for $6,000.00. Once this amount has been repaid, a second support without interest for $10,000.00 will be available. If the second financing is repaid, a third support without interest for $15,000.00 will be available.
*Each refund can be made in up to twelve monthly payments with an initial three-month grace period.
*Beneficiaries who repay the financing in a timely manner may receive a certificate of payment compliance.
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