With the aim of contributing to gender equality and promoting the development of formal women workers in Mexico, the Institute of the National Fund for the Consumption of Workers (Fonacot) carried out an issuance of stock certificates for 1.5 billion pesos through of the Institutional Stock Exchange (BIVA), which will be used to finance this sector of the population.

The amount collected was 221% higher than the placement goal, and a differential of 0.20% was obtained over the Interbank Equilibrium Interest Rate (TIIE) at 28 days. While, the term of validity will be equivalent to approximately three years. The issue was rated AAA (mex) by the Fitch Ratings agency.

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The resources obtained with the placement made in BIVA will be used to finance the Crédito Mujer Efectivo program, which has preferential interest rates of between 8.9% and 16.3% per year for loans aimed at working women, in terms of 6, 12, 18 , 24 or 30 months; This initiative seeks to promote the protection and growth of its heritage.

"The issuance of this Social Gender Bonus is another example of the commitment that Fonacot maintains with women in the labor sector in our country, who to date represent 40% of the total accredited persons of the institute," said Alberto Ortiz Bolaños, CEO of Fonacot.

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He added that the average salary received by women is lower than that of men, so their lines of credit are smaller; However, the preferential rate of this credit allows them to access higher financing, without paying more.

“Although there have been important advances in gender equality, we still have a lot of work to do. Offering a preferential rate for women is a recognition of the financial responsibility that they have shown at the time of acquiring and paying their loans, ”said the official.

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