The government of the state of Hidalgo and Nacional Financiera (Nafin) have signed the Impulso Nafin+Hidalgo 2026-2027 program, which will make available to micro, small, and medium-sized enterprises a 700-million-peso credit fund at a maximum fixed rate of 14.75% per annum and terms of up to 60 months, as reported by El Universal.
The program renews a co-financing scheme between the federal development bank and the state government that has nearly multiplied tenfold the number of loans granted over four years: from 26 in 2022 to 256 in 2025. Governor Julio Menchaca Salazar noted that the scheme has strengthened 764 businesses distributed across 60 of the state's 84 municipalities, contributing to the preservation of 13,143 jobs. For public policy analysis, the Hidalgo case stands out as a model of coordination between federal development banking and state administrations: the state's contribution rose from 25 to 35 million pesos, accumulating 138.4 million pesos over the period, a figure that exceeds the combined total committed by the three previous state administrations.
Loans under the Impulso Nafin+Hidalgo 2026-2027 program operate under the following terms:
- **Maximum amount:** up to 5 million pesos per enterprise
- **Rate:** maximum fixed rate of 14.75% per annum
- **Term:** up to 60 months with no origination fee
- **Eligible sectors:** manufacturing, commerce, services, and tourism
- **Requirements:** minimum two years of operation and a favorable credit history
Carlos Henkel Escorza, the state's Secretary of Economic Development, stressed that the cumulative state contribution exceeds the combined investment of the three previous administrations. The 60-municipality coverage includes areas beyond the metropolitan zones of Pachuca and Tula, where businesses face greater barriers to accessing formal financing.
The Nafin+Hidalgo 2026-2027 scheme completes a co-financing cycle whose results the SHCP and Nafin will document in the period's closing report. Its replicability in other states will depend on that data and on the willingness of state governments to increase their contributions, the factor that accounts for the gap between Hidalgo and states with similarly structured programs of more limited scope.
This article was drafted with the assistance of artificial intelligence based on verified sources and reviewed by a human editor prior to publication.