<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462025000100009</article-id>
<article-id pub-id-type="doi">10.21919/remef.v20i1.1160</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Impacto de la inclusión financiera en la economía local. El programa de agricultura financiera en México]]></article-title>
<article-title xml:lang="en"><![CDATA[Impact of financial inclusion on the local economy. The Financial Agriculture Program in Mexico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Lara Álvarez]]></surname>
<given-names><![CDATA[Jorge]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Fideicomisos Instituidos en Relación con la Agricultura  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>México</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2025</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2025</year>
</pub-date>
<volume>20</volume>
<numero>1</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462025000100009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462025000100009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462025000100009&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este documento proporciona evidencia empírica del impacto en el valor de la producción agropecuaria de un esquema público de garantía para promover el financiamiento privado para los agricultores familiares: el Programa de Financiamiento a la Agricultura Familiar (Proaf). Se destaca la importancia de encontrar el canal ideal (las Sociedades Cooperativas de Ahorro y Préstamo, SOCAP) para proporcionar financiamiento a la población desatendida. Para medir el impacto, se aprovecha la incorporación escalonada de los municipios al programa dada la presencia regional de las SOCAP. Estudiamos el período 2012-2020 y la implementación del programa que sucede gradualmente entre 2015 y 2020. Combinamos una serie de conjuntos de datos administrativos sobre la presencia de las cajas de ahorro en cada municipio y el valor de la producción agropecuaria para emplear métodos de estudio de eventos y diferencia en diferencias. Nuestro principal resultado señala que el Proaf tiene un impacto positivo en el valor de la producción agrícola en casi 20 por ciento y en el valor de la producción pecuaria en casi 6 por ciento. Estos resultados apuntan a la importancia económica del acceso al financiamiento de los pequeños productores, en especial de las mujeres.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This document provides empirical evidence of the impact on real variables of the economy of a public scheme guarantee to promote private financing for family farmers: The Family Agriculture Financing Program (Proaf). For its proper implementation, it was fundamental to find the right channel (the Savings and Loan Cooperative Societies) to provide financing to underserved populations. To measure the impact, we leverage staggered incorporation of municipalities into the program given the regional presence of SOCAPs. We study the period 2012-2020 and a broad rollout of the implementation of the program occurring between 2015 and 2020. We combined a series of administrative datasets on the presence of Savings and Loan Cooperative Societies in each municipality and the value of agricultural production, and using event-study and difference-in-differences methods, our main result indicates that Proaf has a positive impact on the value of agricultural production by almost 20 percent and on the value of livestock production by almost 6 percent. These results point to the economic importance of access to financing for small producers, especially women.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[inclusión financiera]]></kwd>
<kwd lng="es"><![CDATA[agricultura familiar]]></kwd>
<kwd lng="es"><![CDATA[desarrollo rural]]></kwd>
<kwd lng="es"><![CDATA[SOCAP]]></kwd>
<kwd lng="en"><![CDATA[financial inclusion]]></kwd>
<kwd lng="en"><![CDATA[family farming]]></kwd>
<kwd lng="en"><![CDATA[rural development]]></kwd>
<kwd lng="en"><![CDATA[SOCAP]]></kwd>
</kwd-group>
</article-meta>
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