Nayarit producers to regain credit access after debt resolution

More than 3,700 agricultural producers in Nayarit are set to regain access to credit thanks to a new federal strategy designed to resolve or reduce their outstanding debts.

The program, named "Volver a Crecer" (To Grow Again), focuses on liberating guarantees and updating producers' credit information with the Credit Bureau. This crucial step aims to re-establish their eligibility for financing, which is vital for their operations.

Federal and state officials highlighted the program's importance during an event in Santiago Ixcuintla, where debt release certificates were distributed. Governor Miguel Ángel Navarro Quintero emphasized that the strategy, driven by the federal government, targets the financial challenges faced by small-scale producers. He noted that the program includes debt forgiveness for some and debt reduction for others, fostering direct engagement between financial institutions and beneficiaries.

Federal Secretary of Agriculture and Rural Development, Columba Jazmín López Gutiérrez, praised the collaborative efforts of federal institutions in addressing the sector's financial needs. She stated that the program's direct approach, which includes debt forgiveness and reduction, effectively breaks the "vicious cycle" in Mexico that often involved intermediaries or "coyotes."

“

What is being carried out today, which is the condonation for some producers, the decrease in debt for others, and the fact of having direct treatment between institutions and producers, breaks with the perverse cycle that Mexico had of having intermediaries or coyotes.