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3/14/2016 1
#18M
CSum
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Advancing Financial Access for SMEs
CYNTHIA VILLARREAL MURAIRAGENERAL COORDINATOR OF THE NATIONAL PROGRAM FOR FINANCING MICROENTREPRENEURS
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GLOBAL PERSPECTIVE of SMEs
Despite of the high % of microenterprises, the # of jobs created and their contribution to GDP is significantly low
% E
nter
prise
s
% E
mpl
oym
ent
% G
DP
% E
nter
prise
s
% E
mpl
oym
ent
% G
DP
% E
nter
prise
s
% E
mpl
oym
ent
% G
DP
% E
nter
prise
s
% E
mpl
oym
ent
% G
DP
Mexico* Spain Brazil Germany
0%10%20%30%40%50%60%70%80%90%
100%
LargeMediumSmallMicro
SME's Impact on job creation1 and countries GDP's 2
1 Microempresas y pymes en América Latina, Giovanni Stumpo, CEPAL.* Censo Económico del INEGI 20142 Unidad de Acceso a Servicios Financieros del Sebrae Nacional Brasil
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MICROBUSINESSES RELEVANCEIN MEXICO
94%2 of all enterprises in Mexico are
microbusinesses
Average monthly income : $313.555 U.S.
dollars*
1 INEGI, ENOE, 1er Trimestre2 Censo Económico del INEGI 20143 INEGI, Esperanza de vida de los negocios 20154 Censo Económico del INEGI 20145 INEGI, ENAMIN 2012
10.3 million1 microentrepreneurs. Larger than the entire
population of:
• UAE 9.0 M• Sweden 9.8 M• Honduras 8.7 M
Only 40%3 survives the second year of
operation,
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Lack of financial
education
<1%1 have received financial
education
MAIN OBSTACLES FACED BY MICROENTREPRENEURS
High interest rates
74.2%2 annual interest rate
Lack of access to traditional banking
62%3 do NOT have access to
traditional banking
Low Geographic
coverage
36.1%4 of Mexico’s
municipalities without financial
services
High Informality
80%5 in the informal sector
Lack of knowledge
about financial supply
20%1 have requested a loan
1 INEGI, ENAMIN 2012 2 Microfinance in Latin America and the Caribbean: The Sector in Figures, IDB 20113 Censo Económico del INEGI 20144 Consejo Nacional de Inclusión Financiera, CNBV, septiembre 20155 INEGI, ENAMIN 2012
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PRONAFIM National Program for Financing Microentrepreneurs• Federal program of the Ministry of Economy of Mexico
• Main objective: Promote the creation and consolidation of microentrepreneurs’ businesses.
• Seeking the graduation approach: a transition to growth and formality
WHAT WE DO
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2) FINANCIAL AND BUSINESS TRAINING
• Subsidies• Train the trainers• Workshops• Established methodology
4) PROMOTE TRANSPARENCY Online platform that will publish local costs and conditions of products and services offered by MFIs• Better decisions• More competition
3) IMPACT INCUBATIONS• Women-focused specialty
trainings• Link to value chain
PRONAFIM’S LINES OF ACTION
IMPACT
EVALUATION1) MICROCREDIT
• Conditioned credit lines to MFIs: Train 10% of beneficiaries Passing grade of Social
Performance Assessment Prevent over-indebtedness
• Strategic credit lines, conditioned to: Regional rates Training Strategic regions
1.17M microcredits
in 2016
80K trainings in 2016
1,625 incubations
in 2016
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Evaluations to make
Evidence-based
decisions
For a continuousimprovement
ofPublicPolicy
To consolidateMicro
BusinessesAnd improve
EconomicDevelopment
OUR MISSION
SEARCH FOR STRATEGIC ALLIANCES
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CYNTHIA VILLARREALGENERAL COORDINATOR OF THE NATIONAL PROGRAM FOR FINANCING MICROENTREPRENEURS
+521 5549 5054 68
@cmvillarreal1
cmvillarreal