MEPP Quarterly Report October-December 2013

The program was established in 2002 with the goal of providing financing to entrepreneurs who cannot access commercial credit. However, the program has faced several challenges and limitations, which have hindered its effectiveness. One of the main issues with Fondeso is its disconnection from its objectives. The program operates three different programs and an incubator, but these initiatives do not align with the expected outcomes. As a result, the program has become unsustainable over time. The Fondeso has changed its programs annually, and it has been used as a political instrument by the Government of Mexico City. This has led to a lack of focus and direction, making it difficult to achieve the desired impact. The program's design is also flawed, offering a variety of products that do not meet the needs of its beneficiaries. The Fondeso has a high default rate, with 46% of its MyPEs credits and 16% of its microcredits being delinquent. This has resulted in a significant loss of resources, with the program's budget expected to decline to 10% of its current level in ten years if the default rate remains the same. Fondeso's financial performance has been poor, with the program failing to meet its physical and financial targets. The program's default rate is higher for MyPEs credits, with 48% of the companies supported having more than 10 years of experience and being able to access commercial credit. The program's budget for 2012 was approximately $15 million, but it is expected to decline significantly in the coming years. The program's financial performance is also affected by its high default rate, which is estimated to be around 46% for MyPEs credits and 16% for microcredits. This has resulted in a significant loss of resources, with the program's budget expected to decline to 10% of its current level in ten years if the default rate remains the same. Fondeso's financial performance is also affected by its high default rate, which is estimated to be around