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A total of 95 women-led businesses received non-reimbursable seed capital totaling US$375,364 on wednesday as part of the Mujer y Negocios program, an initiative aimed at strengthening entrepreneurship, expanding growth opportunities, and promoting women’s economic empowerment in El Salvador.
The funds will allow the beneficiaries to invest in their businesses, acquire equipment, incorporate technology, improve production processes, and increase their operational capacity. Because the seed capital is non-reimbursable, the entrepreneurs can allocate the funds directly to strengthening their businesses without incurring repayment obligations, thus facilitating their expansion and consolidation.
The disbursement was made by the Comisión Nacional de la Micro y Pequeña Empresa (CONAMYPE) and Instituto Salvadoreño para el Desarrollo de la Mujer (ISDEMU), with Agencia de El Salvador para la Cooperación Internacional (ESCO) and Unión Europea and Agencia Española de Cooperación Internacional para el Desarrollo (AECID).
According to authorities, the program is aimed at existing businesses that have demonstrated growth potential. Through training, consulting, and business acceleration processes, participants receive tools to strengthen their business management and improve profitability.
The president of CONAMYPE, Paul Steiner, explained that the goal is to help women entrepreneurs grow, create more jobs, and increase their business capacity by incorporating new tools and technologies. He also noted that approximately 115 women completed the training process, of whom 95 were selected to receive seed capital.
Steiner emphasized that the beneficiaries represent a wide variety of economic sectors, including agriculture, agribusiness, services, food, commerce, and floristry, demonstrating the diversity and contribution of women to local economic development.
The spanish Ambassador to El Salvador, Sonia Álvarez Cibanal, pointed out that becoming entrepreneurs involves taking on new challenges and responsibilities, but also generating opportunities for others by creating jobs and strengthening local economies.
Among the beneficiaries is Nelly Albenia Quijano, who emphasized that the seed capital represents much more than financial support. She explained that the program allowed her access to training, consulting, and specialized guidance that strengthened her business project and provided her with new opportunities for growth.
Authorities indicated that these types of initiatives are part of the efforts to promote women’s participation in economic activity, strengthen the entrepreneurial ecosystem, and contribute to community development through more robust, sustainable, and competitive businesses.
With the allocation of these resources, the Mujer y Negocios program seeks to continue promoting women’s economic independence and supporting women-led businesses that generate employment, boost the local economy, and contribute to the country’s productive growth.
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