Recovery Lending for Resilience in Mexico

In Mexico's COVID-19 lockdown periods, small businesses had to cease activities, meaning many of our clients had to close down. According to national figures, after 10 months of pandemic in the country, 92% of microbusinesses have had a significant income loss and 21% of micro, small and medium enterprises have already gone bankrupt.

70%

of clients have a decrease in their sales (compared to 90% in May)

4%

of clients expressed they have not been able to re-start their businesses

63%

of the clients are not buying any goods if they are not primary or basic need ones

12%

clients that stated they stopped saving money

12%

clients confirmed that they are buying less food

2%

clients who said they are living from hand to mouth

Recovery Lending in Mexico

VisionFund Mexico is responding to the COVID-19 crisis by providing targeted loans that support the recovery of people’s livelihoods. These include approaches such as rescheduling payments, allowing grace periods and extending loan terms, while additional capital injections are available to reactivate our clients’ productive activities in their businesses.

The Recovery Loan was well received by loan officers and clients due to the low interest rate, and the support of additional capital during the low sales period whilst avoiding over-indebtedness. VisionFund Mexico reported that the number of recovery loans in the first quarter of 2021 increased by 278% from September.

Learn more about Recovery Lending