A new disbursement of US$100.9 million from the Program to Support Economic Recovery Measures Implemented to Benefit Businesses and Employment Affected by COVID-19 was made by the Central American Bank for Economic Integration (CABEI) to support 78,781 micro, small and medium-sized enterprises (MSMEs) affected by the pandemic.

The President of Banco de Desarrollo de El Salvador (BANDESAL), Juan Pablo Durán, said in a morning interview that they have placed around US$200 million in credits that are already being used for the economic development of the country.

The Government of El Salvador, through the Comisión Nacional de la Micro y Pequeña Empresa (CONAMYPE), delivered funds to support self-employed vendors affected by the Mercado San Miguelito fire.

The Banco de Desarrollo de la República de El Salvador (BANDESAL), together with the Instituto Salvadoreño para el Desarrollo de la Mujer (ISDEMU), made the third delivery of seed capital to women entrepreneurs and businesswomen in the framework of the Interinstitutional Cooperation Agreement between these institutions and financial inclusion of ISDEMU users.

This morning the Banco de Desarrollo de El Salvador (BANDESAL), through its Centro de Entrenamiento (CEDE), held the graduation ceremony of 16 entrepreneurs who completed the course: FastTrack: Plan de Inversión Bancable Vinculado a Microcrédito.

Today the Banco de Desarrollo de El Salvador (BANDESAL), launched the " Primer Programa de Acceso a Créditos " for the recovery of MSMEs, for an amount of US$200 million granted by the Inter-American Development Bank (IDB), which seeks to support sustainability.

The Banco de Desarrollo de la República de El Salvador (BANDESAL), together with the Ministry of Finance, signed today a loan agreement with the OPEC Fund for International Development (OFID), for an amount of US$35 million, to be placed in credits through Micro, Pequeñas y Medianas Empresas (MIPYMES).

Saturday, 09 October 2021 01:00

Apply for your multidestination loan through BANDESAL

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If you are one of the people who need a multidestination credit line, you can opt for the funds that Banco de Desarrollo de El Salvador (BANDESAL) offers to its clients, with the objective of supporting the financial resources of entrepreneurs of micro, small and medium enterprises (MSMEs).

Recent studies have found that digital infrastructure gaps and challenges for small and medium-sized enterprises to adopt the latest digital technologies are considered the main barriers to the growth of the digital economy, said industry experts at the Digital Innovation Day 2021 conference.

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