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Micro y pequeñas empresas (mype) continue to be the main engine of the salvadoran economy. This was highlighted by the president of the Comisión Nacional de la Micro y Pequeña Empresa (CONAMYPE), Paul Steiner, who pointed out that 93.5% of the country’s active formal employers belong to this sector, consolidating it as the foundation of the national business fabric.
During an interview, the official explained that MSMEs also play a key role in job creation, as more than 70% of the economically active population earns their income from these businesses, both in the formal and informal sectors. He also indicated that almost half of El Salvador’s Gross Domestic Product (GDP) is produced by micro and small businesses, reflecting their contribution to economic growth.
During the 35th anniversary of CONAMYPE and the celebration of Micro, Small and Medium Enterprise Day, Steiner emphasized that the institution has evolved toward a more strategic role in strengthening the sector’s development.
In this context, he noted that the Government has allocated US$20 million to FECAMYPE and US$20 million to PROGRAMYPE, funds that support three lines of assistance: Transforma, to promote the industrialization of businesses; Mujer, focused on strengthening female entrepreneurship, whose leadership represents 68% of the total; and Impulsa Mype, designed to facilitate working capital.
He also highlighted that CONAMYPE maintains partnerships with private companies to offer benefits to those who obtain the MYPE Registry, a free and voluntary certificate that facilitates access to programs, financing, and new opportunities to strengthen their businesses.
Steiner concluded that micro and small enterprises are a pillar of the salvadoran economy due to their capacity to generate employment, boost productive activity, and contribute significantly to the country’s development.
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