Guadalajara, Jalisco. Despite the fact that the pandemic suspended economic activity in most sectors, the Jalisco Fund for Business Development (Fojal) increased the granting of loans to micro, small and medium-sized enterprises (MSMEs) of the entity in 2020 and 2021, while the non-performing portfolio remained stable at 3.5%.
The director of Fojal, Héctor Vélez Chong, told El Economista that in 2020 the institution grew its financial income by 9% compared to 2019 by granting 19,000 loans for a total amount of 1,589 million pesos.
Meanwhile, by 2021 the state agency generated 2,047 million pesos in financial spilla figure that represented an increase of more than 40% compared to 2020 and benefited more than 12,900 companies with loans.
According to the agency’s projections, this 2022 the financial spillover for MSMEs of Jalisco could reach 2,000 million pesos, anticipated the director of Fojal.
“What we are forecasting for this year, although the State Governance and Development Plan marks us that the goal is 1,525 million pesos, we are going for more than 2,000 million pesos”, he commented.
payers
According to Vélez Chong, businessmen from Jalisco have kept up to date with the payment of their credits since the overdue portfolio remains at 3.5 percent.
“When the pandemic emerged, a treatment and support plan was put together for the companies that were taking advantage of the support and we managed to maintain an overdue portfolio of less than 3.5%, which represents approximately 15 million pesos,” he said.
“There are companies that had to stop due to the pandemic, an extension is established for them and when the company reopens, a restructuring is put together and a new payment plan begins; then, it is attended case by case”, the official pointed out.
Fojal grants credits to local MSMEs ranging from 2,000 to 15 million pesos on the first floor; and on the second floor, in collaboration with Fira or Nafin, for a maximum amount of 30 million pesos.
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