Microentrepreneurs who have their businesses located in depressed regions are generally unaware of their basic competencies, especially their application and the benefits that are obtained when these are linked to the development of business management. Under this premise, this study aims to propose a competency model for microentrepreneurs to offer them a better understanding of how basic competences can improve their management actions and business performance. The competences in dimensions are identified and grouped; likewise, the importance of the model is determined with the support of a panel of experts linked to the micro enterprise sector. The competences proposed are distributed in the areas of action in which microentrepreneurs develop their activities. As a result, the model establishes 27 competencies that determine microentrepreneurs’ competences in depressed environments. Benefits for microentrepreneurs are additional knowledge to plan better training in basic competences and the improvement of their management skills and business performance