$4.5 million for small and medium companies in Nicaragua

The rural small and medium business program (Pymerural) is expected to provide added value to the national production.

Monday, February 2, 2009

LA PRENSA.com.ni reports on its website: "The goal of the program includes the creation of at least 1,400 micro and small companies and the creation of 2,000 direct jobs throughout the value chains in the agro-industrial and tourism sectors. With this they hope to reach $25 million in sales, said Ivan Rodriguez, regional head of Pymerural."

More on this topic

Why do SMEs fail?

March 2012

Over 50% of SMEs fail before they are three years old, 90% are no more than five years old and only 10% survive.

In the case of Nicaragua the subject is sensitive, "because 60 percent of its business backbone is made up of micro, small and medium enterprises, which account for 40 percent of gross domestic product (GDP), estimated at more than six billion dollars.

$ 8 Million for Salvadoran SMEs

December 2010

The IFC approved a loan for Financiera Integral, designed to provide credit to Small and Medium Enterprises.

The funds will also be used for granting loans for housing and agriculture.

"In 2009, the company gave credit for 41.255 different areas, an amount less than that recorded in 2008 when loans were granted for 53.618 different areas," reports the article in Elsalvador.com.

$3.6 Million for Nicaraguan Tourism SMEs

July 2009

Some 500 micro, small and medium enterprises from the tourism area will be trained on business management over the next three years.

The program is called Tourism Development in South West Nicaragua, and is funded by the Dutch government and the "Centro Empresarial Pellas" Foundation. 500 SMEs will be chosen to participate, among hotels, restaurants, food suppliers, tour operators and agricultural tourism.

Support plan for small business launched in Nicaragua

December 2008

The program was launch by the Association of Producer and Exporters (Apen), the organism which won the international contest by the EU for the internationalization of Small Businesses and for which they will received $1.5 million in financing.

Enrique Zamora, president of Apen, explained that they participated in the contest along with financial development company from Mexico and all the chambers from Central America.

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