A. M. The Government of El Salvador has invested more than US$40 million to develop financial programs aimed at strengthening micro and small enterprises (mype), as part of a comprehensive strategy to boost the national economy and promote the productive inclusion of thousands of entrepreneurs.
These resources are part of two key programs: Fecamype, focused on providing inclusive loans to entrepreneurs who have been historically excluded from the traditional financial system, and Programype, which facilitates access to credit through guarantees for those who have no equity backing. Both mechanisms have been designed to eliminate barriers and provide new opportunities for small businesses.
In addition to the funds, the government has coordinated efforts with various public and private institutions to offer technical assistance, specialized services, and direct financing to the mype, providing effective tools to improve their formalization, productivity, and long-term sustainability.
These actions are part of a structured vision that seeks to integrate small businesses into the formal economic system, under conditions that favor their professional development and not just tax compliance. The strategy also contemplates the creation of a public policy that establishes a clear path towards business formalization.
With this strong financial and technical commitment, the government reaffirms its commitment to boosting the local economy, aware that supporting the mype not only generates employment and economic growth, but also strengthens the social fabric of El Salvador.
