SME: Financial X-ray 2024

Summary

Mexican MSMEs have advanced in financial inclusion, but gaps in credit access and digitalization remain. Micro and women-led businesses face greater barriers. Strategic support is essential to fully integrate them into economic development.

Key points

• Key points:
• 91% of MSMEs have at least one financial product, yet microenterprises lag behind—only 70% have a deposit account. Just 26% have active credit, mostly from commercial banks.
• Main obstacles include high interest rates, fees, and cumbersome requirements. Only half have applied for credit, with a 46% success rate, reflecting limited access to formal financing.
• While 78% accept transfers and 54% card payments, cash remains dominant—used in 83% of microenterprises. Only 28% use cloud services, far from the 70% adoption rate among large firms.
• Women-led firms excel in digital adoption (97% among medium and large), but face lower credit approval (42%). Targeted policies are needed to bridge this gap.
• Only 8% of MSMEs export. Plan México aims to boost international integration through investment, training, and trade openness—fostering resilience and tech advancement.

Geographies

Topics

Tags