USAID Impacts Nicaraguan SMEs

Its predicted that a thousand jobs will be created by the Businesses and Employment Program of U.S. Agency for International Development in 2013 from the support provided to small and medium businesses in Nicaragua.

Tuesday, January 22, 2013

Danilo Cruz de Paula, said that since 2009 4,700 have been created in small and medium enterprises (SMEs) with financial support equivalent to $20 million, contributing to increased sales and exports equivalent to $24.4 million.

"We think this year is very positive and we intend to create at least 1,000 jobs, and we have U.S. $ 20 million in funding for access to credits directly attributable to the program", said De-Paula in an article published in Elnuevodiario.com.ni

"The big focus this year, and something that is more important than that figure, is to ensure that the partnerships that we have created and that are sustainable, can proceed."



More on this topic

El Salvador: $25 million to Finance SMEs

December 2013

Under an agreement between the Davivienda Bank and U.S. AID long-term loans to small and medium enterprises will be enabled.

The U.S. Agency for International Development (USAID) and Banco Davivienda Salvadoreño S.A. signed an agreement pledging to promote access to finance for Salvadoran SMEs in order to improve productivity and exports, one of the goals of the Partnership for Growth between El Salvador and the United States.

$ 32 Million from WB for MSMEs in Guatemala

March 2011

The project will improve productivity of MSMEs in tourism and agribusiness.

For this, the World Bank will invest U.S. $ 32 million to strengthen their added value products, quality and integration to national and international markets.

"Micro, small and medium businesses generate most jobs in Guatemala, this project will help promote growth and increase their productivity," said Felipe Jaramillo, World Bank Director for Central America. "Promoting sustainable growth and productivity is one of the World Bank´s priorities for the Partnership Strategy with Guatemala," he added.

El Salvador: $ 1 Million to Strengthen MSE's

December 2010

The program's goal is to contribute to the productive development of communities in the north of the capital.

A total of nine communities in Colonia Escalon will benefit from the program called "Sustainable Communities: Entrepreneurship and Employment Generation."

To implement the program, USAID has provided $ 500 thousand, Grupo Agrisal $ 125 thousand, the same amount by Fundación Meza Ayuda, FUNDEMAS $ 100 thousand and the Fondo de Iniciativas de Educación $ 250.000.

Nicaragua Starts “Company and Employment” Program

April 2010

USAID’s initiative aims to improve the country’s competitiveness and foster job creation.

The United States Agency for International Development (USAID) will invest $11.4 million in the program, which will be executed over the next four years.

It aims to connect local producers with international buyers, and will provide training and technical assistance to small and medium companies to improve their productive capacity.

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