How to apply to the Fovissste Entrepreneur program | 2023

The Fovissste Emprendedor has emerged as a strategic connection between entrepreneurs in the construction sector and the beneficiaries of the Fovissste. This program not only represents new business opportunities for entrepreneurs, but also translates into an additional avenue for beneficiaries to access quality housing. Next, we will explain how you can apply for the Fovissste Entrepreneur program.

Fovissste Entrepreneur Objective

The main purpose of Fovissste Emprendedor is to energize the economy by providing significant opportunities to small and medium-sized businesses (SMEs) with working capital to make moderate-scale investments. The program seeks to encourage the purchase of intra-urban properties and the development of housing within the urban area, following the corresponding regulations. Its fundamental pillars are:

• Connection: Unite micro and small entrepreneurs with beneficiaries interested in the construction of homes.
• Safety and Quality: Ensure that homes are safe, reliable and of quality, taking advantage of the experience of builders.
• Inclusion: Open to both large developments and projects with 1 or 2 homes.

Steps and Requirements to Apply to the Fovissste Entrepreneur Program

Step 1: Access to the Registry To start the application process, access the Fovissste Entrepreneur Fund page and download the REGISTRATION AND UPDATE CARD AS A HOUSING OFFERER IN THE FOVISSSTE 2023.

Step 2: Requirements to Apply to the Fovissste Entrepreneur Program It is essential to have all the information necessary to apply to the program. Make sure you have the following documents in order:

• Proof of Single Housing Registry (RUV).
• Proof of tax situation.
• Opinion on compliance with tax obligations.
• Copy of proof of address (no older than three months).
• Email corresponding to the domain of the company (or individual with business activity) for sending the ID.
• Adhesion contract registered with PROFECO (in the case of new home offers).
• Copy of the first four pages of the contract for companies with an adhesion contract with PROFECO.
• If you belong to a group or consortium, send a list of subsidiaries in Excel format.

Step 3: Sending Documentation to Apply to the Fovissste Entrepreneur Program Finally, send the registration and update document, along with the other required documents, to the email [email protected].

Direct Benefits for Entrepreneurs

Entrepreneurs who participate in the program enjoy various benefits, including:

• Access to Capital: Fovissste can invest up to 36 billion pesos in the purchase and construction of homes.
• Project Development: From small intra-urban developments to larger projects, depending on the capabilities and properties of the entrepreneurs.
• Job Generation: The resulting economic reactivation generates jobs and economic benefits in various areas of the country.

Social Impact and Benefits for Beneficiaries

The beneficiaries also obtain important benefits, such as:

• Affordable Housing: Greater access to housing within the urban area, guaranteeing quality.
• Resource Control: The credits go directly to the worker, who decides how to use the resources and who to work with.
• Urban and Rural Development: The program impacts both urban and rural and indigenous areas, promoting comprehensive development.

Fovissste Emprendedor is an initiative that seeks to promote the growth of both entrepreneurs and beneficiaries. While the former can develop projects and grow their companies, the latter can realize their dream of acquiring a decent and safe home.

Guaranteeing Opportunities and Development

Fovissste Emprendedor is positioned as a fundamental pillar to promote opportunities and promote economic development in Mexico. By continuing to participate in this program, entrepreneurs in the construction sector not only contribute to their own business growth, but also play a crucial role in fulfilling the rights holders’ dreams of having decent and affordable housing.

Sustainable Growth for Entrepreneurs:

• Development of Sustainable Projects: Fovissste Emprendedor opens the doors for entrepreneurs to explore and adopt sustainable and eco-friendly practices in their housing projects. The inclusion of environmental criteria not only benefits the environment, but also contributes to the construction of more resilient and friendly communities.
• New Financing Modalities: The program provides the opportunity to explore and adopt new financing modalities, allowing entrepreneurs to diversify their investment sources and optimize their financial strategies.
• Innovative Collaboration: Fovissste Emprendedor encourages collaboration between the public and private sectors. Developers can explore innovative partnerships that leverage their capabilities and resources, resulting in stronger projects and shared benefits.

Transformation of the Urban and Rural Landscape:

• Integral development: The impact of the program is not limited to urban areas; It also extends to rural and indigenous areas, promoting comprehensive development that encompasses diverse realities and needs.
• Local Economic Reactivation: Job creation and investment in housing projects drive economic reactivation in different regions of the country, contributing to the strengthening of local communities.

Empowering Rightsholders:

• Greater Access and Control: Beneficiaries experience tangible benefits from having a broader supply of affordable, quality housing. In addition, the direct management of credit resources gives them greater control over the process, empowering them to make fundamental decisions for their future home.
• Family and Community Development: Obtaining decent housing not only has an individual impact, but also contributes to family and community development. Creating safe, well-planned environments fosters social cohesion and general well-being.

Future Perspective: Innovation and Expansion:

On the horizon, Fovissste has the opportunity to take the Entrepreneur program even further. The incorporation of innovative technologies can speed up and make the home registration and acquisition process more accessible. Likewise, the continued exploration of advanced practices in construction and design can raise standards of quality and sustainability.

Building the Future Together

Fovissste Entrepreneur is not only a program, but a catalyst for growth and transformation in the construction sector. Entrepreneurs and beneficiaries come together in this common enterprise, building the future together, with quality homes that reflect the vision of a prosperous and sustainable Mexico.