The challenges facing Salvadoran small and medium companies

In 2009 they will have a huge challenge getting access to financing for long term investment.

Thursday, January 8, 2009

According to laprensagrafica.com, "Because of the low growth expectations for the country's economy and the slowness with which internal investments have been moving, it will make it harder to create adequate packages for small and medium businesses.

"Especially in the last few months of the year there was a contraction in business operations," commented Allan Martel, business developer at the Foundation for the Development of Small and Medium Business (FADEMYPE)."

More on this topic

$53 million for Honduran small businesses

January 2009

Within 30 days the government will open lines of credit for small and medium businesses.

The Vice Minister of Small and Medium Businesses, Ana Munguia announced, according to Latribuna.hn, that "We know that small businesses have always had access to the resources, we have an order from the President of the Republic for these resources to be made available within 30 days."

$3.5 Million for Guatemalan SMEs

September 2009

Through a loan with BCIE, "Génesis Empresarial" foundation will expand its credit lines.

The foundation will use these resources in giving loans to SMEs and communal rural banks.

Édgar Ballsels, director of the Central American Economic Integration Bank (BCIE), told newspaper Prensa Libre that the entity "has decided to extend credit lines for small and medium enterprises...".

Fiscal deficit: Deadly Weapon Against SMEs

April 2014

While governments spend fortunes on consultants to promote SMEs, the imbalance between their expenses and their income is the main threat to employers.

An article in Elfinancierocr.com reports that Danilo Montero, executive director of the Costa Rican Association for Development Organizations (Acorde) noted that "...

$50 Million for Small and Medium Panamanian Companies

July 2009

The Panamanian government is allocating this amount to the development of micro and small businesses involving 546,412 establishments on the national level.

Giselle Calcagno, Minster of the Micro, Small, and Medium Business Authority (AMPYME, acronym in Spanish) commented that the fund is designated for seed capital, micro-credit, collateral funds, and for technical training and assistance.

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