dinero_admin The Government of El Salvador, through a strategic collaboration with the Korea International Cooperation Agency (Koika), has injected a significant US$600,000 in non-reimbursable funds aimed at strengthening Salvadoran micro and small enterprises.
This initiative, led by the Consejo Nacional de la Micro y Pequeña Empresa (Conamype), underscores the government’s commitment to economic growth and the generation of opportunities for local entrepreneurs, consolidating the confidence of international partners in the country’s business dynamism.
This capital is channeled through two fundamental Conamype strategies: business acceleration and venture incubation. The incubation strategy, which benefits 39 initiatives with US$368,710, covers direct expenses for launching or strengthening companies with solid business models in various departments, from San Salvador to La Unión. At the same time, the acceleration strategy, with US$315,290.71, focuses on 23 established companies, seeking to strengthen key areas to increase their productivity, sales, and job creation.
Paul Steiner, president of Conamype, emphasized the importance of this support, noting that “planning a business model, a business plan and implementing it in a controlled and well-financed manner is the way to go”.
His words highlight the vision of a structured and sustainable business development that goes beyond the mere injection of funds, promoting a culture of planning and efficient execution among salvadoran entrepreneurs.
The Ambassador of the Republic of Korea, Kwa Tae Yeol, articulated the relevance of the investment not only in economic terms, but as a symbol of “the confidence we place in the talent, creativity and potential of El Salvador’s micro and small businesses”.
This declaration underscores the shared vision of sustainable and inclusive development, evidencing the success in building solid international relations that directly benefit the country’s business fabric. The salvadoran government remains steadfast in its support of MSEs, backed by the growing confidence of its global partners.
