SME Program Would Invest $400 Million

The Government of El Salvador will reinforce financial and technical assistance for small and micro companies.

Tuesday, September 8, 2009

The search for financing sources is underway, told Mario Cerna, Commerce vice minister.

"He also said ... he intends to have ready, before the end of the year, a law project for micro and small enterprises. This project will provide mechanisms for real access to credit..."

More on this topic

Development Bank in El Salvador Starts Operations

March 2012

The Development Bank in El Salvador has received about three hundred projects which it could potentially fund, in the category of medium and small businesses, and will start analyzing them next month.

Oscar Lindo, chairman of the state agency, indicated that they have yet to define service guidelines between the Bandesal and private banks. Once they have been defined analysis of potential funding will start.

El Salvador: Measures to Boost Construction Sector

March 2011

With the support of the Banco Multisectorial de Inversiones, the Chamber of Construction expects to boost the sector through the Financial System for Development.

Emphasis will be given to micro and small enterprises so that they can access credit for their projects.

"Angel Diaz, vice president of the Salvadoran Chamber of Construction, CASALCO, explained that until now small companies have had trouble accessing credit from international banks due to conditions and requirements needed in order to approve loans," stated the article in Lapagina.com.sv.

$ 32 Million from WB for MSMEs in Guatemala

March 2011

The project will improve productivity of MSMEs in tourism and agribusiness.

For this, the World Bank will invest U.S. $ 32 million to strengthen their added value products, quality and integration to national and international markets.

"Micro, small and medium businesses generate most jobs in Guatemala, this project will help promote growth and increase their productivity," said Felipe Jaramillo, World Bank Director for Central America. "Promoting sustainable growth and productivity is one of the World Bank´s priorities for the Partnership Strategy with Guatemala," he added.

More Resources for Salvadoran MSMEs

January 2011

Government officials announced a $ 4 million fund to strengthen performance of MSMEs.

Mario Cerna, Vice Minister of Commerce and Industry told the media: "It is a state investment in micro, small and medium businesses looking to become more efficient, that is to reduce costs and produce more, but also implement technology in their production processes, including helping them to innovate their products."

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