These funds are expected to develop the capacities and skills of ADEL La Unión's business advisors in the management of the Circular Economy so that they can provide an innovative and specialized service to raise awareness of this issue among companies in the area, thereby helping to improve their competitiveness.

In addition, part of the non-reimbursable funds will enable ADEL La Unión to strengthen 10 MSMEs with specialized technical assistance to improve their business skills in administrative, productive and technological areas, enabling them to accelerate the growth of their businesses.

The DINAMICA II Initiative is a tripartite initiative between CABEI, the Government of Germany, through KfW, and the European Union, and is being implemented in Central America with the objective of promoting and strengthening the development of the entrepreneurial ecosystem and the private sector, especially for new, young and/or innovative MSMEs.

To date, this Initiative has supported Salvadoran MSMEs with more than US$12 million in loans; it has strengthened more than 79 micro and small enterprises with nonreimbursable resources from Small Grants; and it has more than US$6 million for allocations in technical assistance to strengthen Business Development Centers and MSMEs, as well as seed capital for innovative enterprises and MSMEs through the Ventanilla Especial El Salvador.

Development Centers and small and medium-size companies, as well as seed capital for innovative enterprises and small and medium-size companies through the special counter de El Salvador.

Translated by: A.M