El Salvador: SMEs Overwhelmed by Extortion

70% of Salvadoran SMEs are victims of crimes of extortion, which are only reported in a small percentage of cases, for fear of reprisals.

Wednesday, September 11, 2013

The Attorney General of the Republic of El Salvador has proposed advising and protecting small and micro entrepreneurs who denounce the atrocities of which they are victims.

The information was confirmed by Ernesto Vilanova, president of the National Council of Small Businesses in El Salvador (CONAPES), following a meeting they had with the Attorney General Luis Martinez in which they discussed the problem, which is experienced nationwide.

The union will work with its affiliates to collaborate denouncing these events every month and will meet with the Anti-extortion Unit of the Office to monitor the situation.

"... 70% of businesses are extorted, but 65% do not report it for fear of retaliation and distrust of the authorities," noted an article in Elmundo.com.sv.

More on this topic

El Salvador: Insecurity Deters SMEs

May 2014

90% of small business owners are extorted and many have had to leave the country, reported industry representatives.

Although the percentage of extortion of SMEs has increased 20% in 8 months, 76% of employers affected do not report it for fear of reprisals. The overall business perception is an increase in criminal behavior, constant threats by organized groups and greater mistrust of the National Civil Police (PNC), according to reports by the National Council of Small Business of El Salvador (CONAPES).

Insecurity in Eastern El Salvador

October 2013

Extortion and theft in shops and transport trucks has led to the closure of many small businesses.

According to Howard Gutierrez, president of the Chamber of Commerce, San Miguel subsidiary, crime is unstoppable and the authorities are not doing enough to curb it. In that subsidiary alone there are reports of 15 businesses having closed.

70% of MiyPEs in El Salvador Suffer From Extortion

September 2013

A study by the union of micro and small businesses reveals that 70% of them are victims of extortion, of which 65% do not file any complaints for fear of retaliation.

The study which included the participation of over 425 representatives of MSE's was conducted jointly by the National Council of Small Business in El Salvador (CONAPES) the MiyPEs Union and the Society of Businessmen and Industrialists of El Salvador (SCIS).

New Measures to Combat Extortion in El Salvador

May 2013

The Government will be seeking support from the private sector in order to create an antiextorsion model in order to initiate an attack against those who commit this crime.

"We will have a meeting with them in order to examine the possibility of forming an antiextorsion board.

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