El Salvador: Union Created to Support MSMEs

The new National Entrepreneurial Union of El Salvador (Unaes, acronym in Spanish) will introduce a government purchases law that would benefit the sector.

Wednesday, July 8, 2009

This Union is born with the goal of providing support and strengthening the Micro, Small and Medium Enterprises (MSMEs) sector. The Unaes is made up by businessmen from several productive sectors of the country and by Salvadoran entrepreneurs residing in the United States, totaling over 400 members.

According to ElSalvador.com, the vice president of this new entity, Salvador Wilfredo Martínez said that: "Many Salvadoran entrepreneurs, both in and out of the country, which are struggling because of a lack of support, have seen in Unaes a strategic partner, .. , a Union that will actually represent and fight for the sector's interests."

More on this topic

Nicaragua: New Chamber to Support SMEs

March 2011

The new association, Aconimipyme, aims at offering advice in order to improve competitiveness of small and medium enterprises.

"According to Osman Altamirano, president of Nicaragua Consultants Association for Small and Medium Business, Aconimipyme, the goal is to take advantage of the training and experience of its members to help MSMEs overcome their weaknesses," reports an article in Laprensa.com.ni.

Inauguration of Mexico - El Salvador Business Chamber

April 2012

The initiative aims to contribute to strengthening trade and investment promotion between the two nations.

From a press release from the Ministry of Foreign Affairs in El Salvador:

The Minister of Foreign Affairs, Hugo Martinez, inaugurated on March 29th in Mexico City, Mexico, the Mexico-El Salvador Business Chamber (CAMEXSAL), an initiative to help strengthen trade and investment promotion between the two nations.

Investment Opportunities for Salvadoran MSMEs

May 2009

Through the Millennium Challenge Corporation (MCC), $85 million have been allocated to promote investment in northern El Salvador.

The funds will finance MSMEs interested in developing projects that generate employment in various areas such as agriculture, catering and handicrafts.

El Salvador: Guide to Improving Productivity of SMEs

July 2010

The new guide from the Japan's International Cooperation Agency (JICA) will help SMEs to increase their productivity.

There are seven challenges to improving the productivity of small and medium sized enterprises, according to the results of a 2-year study of Salvadoran SMEs.

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