Guatemala: Awards for Micro-Enterprises

The catagories that will be awarded prizes are agriculture, the service industry, handicrafts, trade and production.

Wednesday, May 25, 2011

The Citi Foundation and the Network of Microfinance Institutions will award the " Premio Citi a la Microempresa Guatemala 2011", which aims to encourage the growth of microenterprises in the country.

An article in states: "the evaluation will take into account all micro businesses whose sales do not exceed $32 thousand per year and do not have credit with more than 2 microfinance institutions. The date for submission of proposals begins on 11 August and closes the 16th of August, the awards will be held on October 27."

More on this topic

Bureaucracy Delays Small Investments

September 2018

28% of the SMEs in Costa Rica stated that obtaining a municipal permit to start operations was the most complex procedure, while another 17% says that the process of registering with the department of Taxation is the most onerous.

According to the III National Survey of MSMEs, prepared by the State University at a Distance (UNED) and the University of Costa Rica (UCR), for micro, small and medium enterprises (MSMEs) obtaining a municipal patent for operation and registering as a new taxpayer, are the two procedures that most affect the start up of their operations.

Micro-Enterprises in Costa Rica

February 2018

In 2017, microenterprises in Costa Rican households generated 768 thousand jobs, and increased their activity by almost 13% compared to 2015.

According to the "National Survey of Household Microenterprises 2017", in "... household microenterprises, service activities prevail, such as food services, beauty treatments, transportation, gardening, "chambas" (odd jobs), among others (42.2%), followed by retail sales, at home and on the street (22.6%), then follows industry, with clothing, bakery, construction and others (20.9% ), and finally agricultural micro-enterprises that cultivate coffee, bananas, beans, livestock, artisanal fisheries, among others (14.3%)."

New Model: Limited Liability Microenterprises

October 2013

Panama is looking to incorporate into the formal sector 185,000 micro businesses who have annual sales of less than $150,000 .

From a report by the Cabinet of the Presidency of Panama:

The Cabinet gave approval to a bill that creates Limited Liability Microenterprises ('Microempresa de Responsabilidad Limitada' or MRL) and providing incentives for the inclusion of the informal sector in the formalized economy and authorizing the Minister of Trade and Industry, through Cabinet Resolution to submit the rule to the National Assembly.

Costa Rica hosts XIV Microenterprise Forum

May 2011

The American Forum on Microenterprise (Foromic) will be held in San José, the Costa Rican capital, between 10 and 12 October this year.

The event is organized by the Multilateral Investment Fund Inter-AmericanDevelopment Bank (FOMIN) in collaboration with the Costa Rican Ministries of Finance, Economy, Trade and Industry.

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