Situation of the financing of MSMEs in Mexico and the State of Sonora due to the publication of the Financial Reform 2014

Abstract

The government of President Enrique Peña Nieto
promulgated in early 2014 the Financial Reform, which financial inclusion for companies
and individuals, also within its
primary objectives is to increase
the penetration of bank credit
to companies. This reform also
promulgates a mandate to the
development banks and public
bodies to promote Micro, Small
and Medium Enterprises [MSMEs]
and at the same time facilitate
the environment where these
companies are developed, entities
that are very important for the
national economy since they are
the ones that offer the most jobs
for Mexicans. This research work
sought to establish the situation
of MSMEs both nationally and in
the state of Sonora in relation to
the penetration of credit, as well as
in the support they have for their
development.
The results found were ambiguous,
because while some organizations
publish that the goals established
in the Financial Reform have been
reached, others indicate that they
will be achieved. However, it was
possible to verify that the goals
established to support the growth
and development of MSMEs
through greater financing have not
been achieved so far.