On April 24, 2020, during the pandemic, the Diario Oficial published the rules for a program of loans of 25,000 pesos to family microbusinesses. It became known as Crédito a la Palabra, “credit on one’s word.”
At a government press conference on May 4, 2020, employers were invited to register for “este crédito de 25 mil pesos a la palabra, sin garantía, sin aval, sin historial crediticio” (this credit of 25,000 pesos on one’s word, without collateral, without a guarantor, without a credit history). According to a government bulletin, 1,386,405 such credits were granted in 2020, in two forms.