NAFIN Targets Bigger MSMEs Financing Push in 2025–2030 Plan

Nacional Financiera (NAFIN) presented its 2025–2030 Institutional Program, a long-term strategy aimed at expanding financial inclusion, raising productivity, and supporting economic growth with a regional and social focus, in alignment with Mexico’s National Development Plan (PND) 2025–2030.

Focus on MSMEs, Value  Chains, and Nearshoring

The program prioritizes micro, small and medium-sized enterprises (MSMEs) as a key lever for employment, innovation, and integration into global value chains. NAFIN frames the strategy within “Plan México,” under which it will channel financing to strategic public and private projects intended to drive sustainable growth, innovation, and productive relocation, targeting priority sectors and regions with defined productive specializations to consolidate development poles and increase domestic value added.

NAFIN’s diagnostic highlights that MSMEs represent about 52% of GDP and generate roughly 68% of employment, yet access to formal financing remains limited: only 12.4% of MSMEs reported having accessed financing, a constraint the program links to informality, lack of credit history, limited guarantees, and uneven territorial coverage of financial services. The document references a national target under Plan México to raise the share of MSMEs with access to financing from about 12% to 30% by 2030.

Last year, an agreement signed in May between the Federal Government and the Association of Mexican Banks (ABM), aimed at increasing credit placement among the country's MSMEs, reached 26.2% coverage in August. This represents a 1.6 percentage point increase from the 24.6% proportion recorded at the time the agreement was signed, MBN reports.

Three Priorities: More Credit, More Suppliers, More Inclusion

The institutional program establishes three priority objectives: 

1. Increase financing to Mipymes (MSMEs) and companies in strategic sectors and regions

2. Strengthen the development of domestic suppliers to expand participation in value chains

3. Deepen financial inclusion by widening access to financing and creating new credit subjects

To support these goals, NAFIN emphasizes second-tier lending through financial intermediaries, using guarantees to share risk and improve credit conditions for firms with limited collateral, alongside capacity-building and technical assistance to improve business management and credit readiness. 

ESG Instruments, Import substitution, and Strategic Infrastructure

NAFIN says it will put greater emphasis on financial instruments labeled under environmental, social, and governance (ESG) criteria, and promote innovation and technological development projects. The strategy also includes financing schemes aimed at substituting imported inputs and increasing national content in productive chains, an approach tied to boosting local supplier capabilities and improving Mexico’s domestic value capture from export-driven industries.

NAFIN also links its 2025–2030 agenda to major federal infrastructure projects, specifically the Mayan Maya, the Interoceanic Corridor (CIIT), and the Felipe Ángeles International Airport (AIFA), framing them as part of the public investment push intended to raise national competitiveness and reinforce Mexico’s trade position.

As part of its inclusion strategy, NAFIN plans products and programs for entrepreneurs with emphasis on women-led businesses and historically underserved communities, combining financing with training and technical assistance. The program also contemplates special courses for Indigenous and Afro-Mexican communities, including training in Spanish and Indigenous languages, aligned with the transversal priorities in the PND 2025–2030. 

The institutional program notes that, over the past six years, NAFIN served over 500,000 companies per year on average through direct credit, second-tier programs, guarantees, and supply-chain schemes, with an accumulated credit spillover above MX$2 trillion (US$111.30 billion). It also reports that NAFIN’s basic capital rose from MX$31.38 billion (US$1.75 billion) in 2019 to MX$36.13 billion (US$2.01 billion) by the end of 2024, with a capitalization index (ICAP) of 20.9%. Looking ahead, the document estimates NAFIN’s credit portfolio could exceed MX$682.10 billion (US$37.96 billion) by 2030, requiring accumulated net borrowing of MX$118.80 billion (US$6.61 billion) over 2025–2030, and projects a 2040 credit balance of MX$1.28 trillion (US$71.23 billion).