The program will be implemented by the Instituto Yucateco de Emprendedores IYEM.
The rules of operation of the MicroYuc Emprendedores Program were issued in order for the entrepreneurial population to perform in a favorable context for the development of productive projects with a focus on inclusion, through the granting of credits that are easy to access, low cost, and that, if applicable, promote sustainable development.
Published in the Official State Gazette, Decree 462/2022 states that the program will be implemented by the Yucatan Institute of Entrepreneurs (IYEM), and will include the Microyuc Entrepreneurs and Microyuc Verde (Green Microyuc) modalities.
In the Emprendedores modality, financing may be granted with an annual interest rate of eight percent, and in credits requested or projects led by women it will be seven percent, and in the Verde modality, it will be five percent per year.
The financing of productive projects includes: costs of refurbishing, remodeling, or fitting out the property in which the business operates, for the installation of hydraulic, electrical, or sanitary infrastructure, as well as painting and surface remodeling; purchase of fixed assets; acquisition of inputs, marketing and distribution; certifications, and working capital.
The maximum amounts of credit (Entrepreneur mode) that will be granted per borrower will range from 25 to 100 thousand pesos.
In the case of the Green modality, financing will be granted with an ordinary annual interest rate of five percent for the adoption of practices with a sustainable approach in productive economic activities. The maximum amounts of credit to be granted per beneficiary will be from 50 thousand to 500 thousand pesos.
The IYEM must publish the corresponding call for applications. The rules of operation of the program and the forms to be completed by interested parties may be consulted through the Official Gazette of the State Government.
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