Wednesday, 17 February 2021 19:10

CONAMYPE awards artisans for implementing quality and innovation standards

Written by Dinero Staff

The National Commission for Micro and Small Businesses (CONAMYPE) together with the Board of Directors of the Special Fund of Resources from the Privatization of ANTEL (FANTEL), delivered funds for more than $29,000 to entrepreneurs and artisans.

According to the institution, a total of 18 entrepreneurs and artisans were winners of the Economic Reactivation Funds Competition for Micro and Small Companies, and the Financing Competition for the implementation of quality and innovation standards in the mype of the artisan sector.

In November 2020, CONAMYPE launched the Economic Reactivation Fund Competition for Micro and Small Enterprises in San Salvador, Santa Ana and San Miguel affected by the COVID-19 sanitary crisis.

The purpose of the contest was to provide non-reimbursable working capital to the winning companies to enable them to recover their productive activities, and generate employment and income in the short term.

The financing of these expenses is directly related to the working capital that the company needs to pay current expenses, which are applied to the cost of production for the same period, and for indirect expenses.

After a process of selection and evaluation of economic reactivation plans; nine companies were winners, 3 San Miguel, 4 San Salvador, 2 Santa Ana, of which eight were awarded this day.

Funds for artisans

Nine winners of the Financing Contest for the implementation of quality standards and innovation in the mype of the artisan sector, launched in November last year, will also be awarded.

This contest seeks to link entrepreneurs in the handicraft sector so that they can access financing and support the implementation of quality standards, innovation and technologies in artisan workshops.

After receiving the check, the entrepreneurs must complete the process of liquidating the fund, for which they will be accompanied by professional advisors from CONAMYPE.

The follow-up after this process is three months until the delivery of the final report on the execution of the fund, and the extension of the settlement of the closing of the process.

Last modified on Wednesday, 17 February 2021 19:17