Availability of Productive Financing Announced

The Ministry of Economy of El Salvador has made available to employers a portfolio of funds to be disbursed during the year.

Friday, January 20, 2012

A press release from the Ministry of Economy of El Salvador reads:

Productive Development Fund (FONDEPRO) of the Ministry of Economy has made available to businesses, this January 20th , a portfolio of funds which are ready to be disbursed during the current year in order to improve competitiveness and create economic impact in El Salvador.

Some of the strategic sectors prioritized by the MINEC for receiving these funds are: food and beverages, chemicals, pharmaceuticals, textiles and clothing, tourism and specialized services, among others.

According to Economy Minister Hector Dada, some of the joint venture business lines who can apply are: Quality and Productivity, Innovation and Technology, Supply Chain to Value and Associative Approach, Market Development and Dynamic Entrepreneurship: Capital Seed.

He added that FONDEPRO is a fund that allows non-refundable partial co-financing grants that seek to promote the competitiveness of Micro, Small and Medium Enterprises (MSME) in El Salvador.


Those eligible to apply to the Fund are:
Natural or legal persons.
Salvadoran companies.
Those engaged in production and marketing of goods / services Salvadorans.
Located in any part of El Salvador.
Having up to date financial information.

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