Secretariat of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA)

The federal agency SAGARPA promotes the sustainable development rural areas of Mexico and balanced growth between Mexico’s different regions.  SAGARPA aims to educate people in rural areas on how to utilize financial services. In the report entitled Integrating the Poor into the Mainstream Financial System: The BANSEFI and SAGARPA Programs in Mexico, Lisa Taber and Carlos Cuevas explain that SAGARPA tailors financial services to the needs to marginalized communities, including dedicated credit products, such as credimujer for women, which was created for women learning to use the formal financial system. Many of these adapted financial services are provided through mobile banking. The Supporting Program for the Productivity of Entrepreneur Women (PROMETE) is a program that began in 2002 under the Secretary of Land Reform, but was housed in SAGARPA beginning in 2014. When interviewed, PROMETE said 22,540 women benefited from its programs in 2014. The 2015 federal budget allocated 1.1 billion Mexican pesos (US$78.6 million) to PROMETE for project implementation.