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"Supply and Demand 2022" meeting was held with the participation of MSEs from the eastern zone
Written by Evelyn Alas
The Comisión Nacional de la Micro y Pequeña Empresa (CONAMYPE) in coordination with the Unidad Normativa de Adquisiciones y Contrataciones de la Administración Pública (UNAC) developed the Supply and Demand 2022 Meeting in the eastern zone.
“Mujer y Negocios 2022” diploma course closes and an exhibition of products of participating businesswomen is developed
Written by Evelyn Alas
The Comisión Nacional de la Micro y Pequeña Empresa (CONAMYPE) with the support of the Fondo Especial de los Recursos provenientes de la Privatización de ANTEL (FANTEL) developed the closing ceremony of the diploma course “Mujer y Negocios 2022”.
BFA disbursed US$19 million for financing agricultural producers
Written by Evelyn Alas
The Banco de Fomento Agropecuario (BFA) reported that it has disbursed US$19.9 million in subsidized loans to 8,623 agricultural producers from may 17 to july 31, 2022.
Law seeks to regulate fee commissions for POS use and include MSMEs
Written by Evelyn Alas
The deputies of the Financial Commission received the President of the Banco Central de Reserva (BCR), Douglas Rodriguez, in order to obtain inputs for the creation of the new Special Law for the Establishment of Maximum Fee Commissions for Point of Sale Terminals (POS).
Global Chamber, opens business opportunities to salvadoran companies
Written by Evelyn Alas
Would you stay selling only in your neighborhood if you had the means to do it in the whole department, or in the whole country? The answer is no. The same is true if you could leave the salvadoran border to reach more nations and make the exponential leap to grow.
CONAMYPE and mayor's office of Nuevo Cuscatlán sign agreement to support local MSEs
Written by Evelyn Alas
The Comisión Nacional de la Micro y Pequeña Empresa (CONAMYPE) continues to articulate actions to support MSE business people and entrepreneurs throughout the country.
IDB Invest mobilizes $60 million to expand financial access to women-led SMEs in El Salvador through BAC Credomatic El Salvador
Written by Evelyn Alas
IDB Invest grants a $60 million loan to BAC Credomatic El Salvador through a B Loan mobilized with a lender (Banco de Santander S.A.). The disbursement complements an initial $60 million A Loan, signed in 2020, and will expand financing to small and medium-sized enterprises (SMEs) and women-led SMEs through BAC Credomatic El Salvador's Mujer Acelera program.
Informal credit rate granted by loan sharks is 1,869.4% as of march 2022
Written by Evelyn Alas
The study conducted by the Centro de Investigación de la Opinión Pública Salvadoreña de la Universidad Tecnológica (CIOPS) as of march 2022 called "El crédito en el sector informal en El Salvador", showed that many informal traders do not have access to credit in formal banks, so they have to resort to paying high interest rates.
IDB Invest promotes women-led SMEs and green financing in El Salvador through Bancoagrícola
Written by Evelyn Alas
IDB Invest grants $70 million in financing to Bancoagrícola de El Salvador. The 10-year transaction seeks to boost the growth of the portfolios of small and medium-sized enterprises (SMEs), women-led SMEs, and green loans related to climate change mitigation, which will allow Bancoagrícola to solidify its strategy and specialized offerings in these segments.