More Resources for Salvadoran MSMEs

©image: Raúl Hernández González

Mario Cerna, Vice Minister of Commerce and Industry told the media: "It is a state investment in micro, small and medium businesses looking to become more efficient, that is to reduce costs and produce more, but also implement technology in their production processes, including helping them to innovate their products."

The funds for 2011 will double the ones invested in 2010.

Source: elmundo.com.sv

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The International Finance Corporation (IFC) has signed an agreement with the bank to develop its portfolio of products for small and micro enterprises.

According to a press release from the IFC, the initiative will help create jobs and promote economic growth in Honduras.

The challenges facing Salvadoran small and medium companies

January 2009

In 2009 they will have a huge challenge getting access to financing for long term investment.

According to laprensagrafica.com, "Because of the low growth expectations for the country's economy and the slowness with which internal investments have been moving, it will make it harder to create adequate packages for small and medium businesses.

Why do SMEs fail?

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Over 50% of SMEs fail before they are three years old, 90% are no more than five years old and only 10% survive.

In the case of Nicaragua the subject is sensitive, "because 60 percent of its business backbone is made up of micro, small and medium enterprises, which account for 40 percent of gross domestic product (GDP), estimated at more than six billion dollars.

Another Crutch Factory

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Another initiative by the corporation of state officials to justify their salaries, at the expense of the over-used “support the SMEs” motto.

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