Wednesday, 12 July 2023 03:31

US$10 thousand in non-refundable funds to MSEs in the textile and garment sector

Written by Evelyn Alas

As part of the strengthening of different economic units in the country, the Government of El Salvador through the Comisión Nacional de la Micro y Pequeña Empresa (CONAMYPE) together with the Fondo Especial de los Recursos provenientes de la Privatización de ANTEL (FANTEL), delivered non-refundable funds for projects that trigger the textile and apparel chain.



The main objective of these funds is to strengthen industrial production processes by providing access to non-reimbursable financial resources to acquire productive assets and increase production capacity.

Últimas noticias de Mypes hoy martes 04 de julio del 2023 | La República

Eight companies in the textile and apparel sector received funds to improve their production processes and presented projects focused on the industrial development of their production plants.

Impulso al desarrollo comercial de las MYPEs para una nueva normalidad|Blog  USIL

The maximum amount awarded per business was US$10,000, which will be used to purchase new equipment, machinery, and tools to make the companies' production activities more efficient. - 20 MYPES participaron en el encuentro Oferta y Demanda 2022  de CONAMYPE

These funds are intended to increase productivity by at least 35% of the factories' current installed capacity, increase value added by 25%, and increase employment or income by 20%.

The implementation of this type of competition is framed within the development of Objective 2 of the Plan Cuscatlán "To develop the capacities of alternative economies in order to improve the sustainability of families and communities".


Translated by: A.M