Salvadoran entrepreneurs receive business development training

San Salvador, April, 05, 2017. –From April 5 to 7, the Association of Micro and Small Business Development Centers (ACDMYPE), the National Commission for Micro and Small Enterprises  (CONAMYPE), the European Union Delegation in El Salvador and  the Central American Bank for Economic Integration (CABEI) will participate in the CDMYPE’s 3rd International Congress, which is denominated, “Promotion of entrepreneurism, innovation and export in micro and small enterprises (MSEs).”

The congress, which is sponsored in the framework of the DINAMICA Initiative, seeks to strengthen the technical competencies of advisors and directors of the CDMYPE network in order to provide quality business development services to MSEs, while at the same time promoting a space for the exchange of experiences and knowledge between the members of the CDMYPE network and other representatives of MSME attention centers.

The inauguration ceremony was attended by El Salvador’s Minister of Economy and President of CONAMYPE, Tharsis Salomón López; the CONAMYPE Deputy Director of Business Development, Rosibel Flores; the Ambassador of the European Union in El Salvador, Jaume Segura Socias; CDMYPE President and President of Universidad Francisco Gavidia, Mario Antonio Ruíz Ramírez; and CABEI Director for El Salvador, Guillermo Funes Cartagena.

The work sessions are expected to be attended by more than 150 SME consultants, who are distributed by the CDMYPE throughout the country to provide support for the solution of the sector’s problems and needs in order to boost its growth and development.

Noteworthy achievements carried out by the CDMYPE network during last year include:

• Approximately US$10.1 million in productive credits for more than 200 MSEs were managed by the CDMYPE through technical assistance provided for the preparation of investment plans. These plans were presented to financial institutions, resulting in the approval of more than 217 credits.

• More than 3,000 MSEs were counseled, trained or supported with technical assistance services during 2016.

• The CDMYPE network generated approximately 4,067 jobs through its intervention in MSEs.

• National and export sales increased by more than US$21.4 million.

• More than 20,000 services provided including counseling, technical assistance, training and technical financial assistance, among others.