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MSME Clearinghouse: Newsletter |
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OAS MSME Newsletter: (April 2021): |
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This OAS MSME Newsletter is dedicated to measures recently announced by OAS Member States to drive the economic recovery
of micro, small and medium-sized enterprises (MSMEs). The policy responses vary from country to country and are specific
to the economic circumstances of each Member State. Given that every day produces new developments, this inventory is in
no way exhaustive.
MSMEs and cooperatives may request direct credits with an annual rate of 18% until June 30
The call for MSMEs to request direct credits of up to $ 15 million was extended until June 30, with an annual rate
of 18% (one of the lowest in the market), and that can be paid in up to 7 years, with one of year of grace.
Financial inclusion of entrepreneurs, microenterprises, small producers and cooperatives
The Government will take action to generate new opportunities for access to financing for male and female entrepreneurs,
microenterprises, small producers, and cooperatives.
Productive Development launched a new call to assist more than 7000 SMEs to improve their level of competitiveness
A new call for the Competitiveness Support Program (PAC) will allocate Non-Refundable Contributions (ANR) of up to $ 1,500,000
for 7,000 business development projects that improve the competitive advantages of MSMEs.
SMEs will have the Unique Financial and Economic Filing to simplify procedures and speed up their access to financing
The Unique Financial and Economic Filing (LUFE) was created with the objective of centralizing the economic-financial information
of MSMEs to simplify the procedures of their credit management and thus speed up their access to financing.
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Startups get a page on the Sebrae portal
The startup portal allows these companies to have access to content, courses, informative videos, state and national initiatives
that support the development of entrepreneurs and the businesses.
Agreement will expand SMEs' access to innovation
In order to democratize the access of micro and small companies to innovation throughout the national territory, SEBRAE signed
the Technical Cooperation Agreement with the federal government. The action aims to intensify technological actions and projects with
small companies throughout Brazil, in the coming years.
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The Government of Canada is committed to supporting the success of women entrepreneurs and business owners through the COVID-19 pandemic
and in an inclusive economic recovery
The Women Entrepreneurship Knowledge Hub—a three-year, $8.62-million program—is part of the Government of Canada’s Women Entrepreneurship
Strategy. In advancing research, gathering statistics and sharing best practices, the hub is creating a one-stop shop for the information,
tools and resources women entrepreneurs need to succeed.
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The strength of female entrepreneurship in Chile 2.0
Chile claims to be one of the most entrepreneurial countries on the continent. A gratifying reality is the increase in the number of
women who have taken up the challenge of entrepreneurship and that today, the micro-enterprises led by them reach 40%.
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More than 400 fashion entrepreneurs, victims of conflict, improved their productivity with the project ‘Designing the Future’
Within the framework of the National Day of Memory and Solidarity with Victims, MinComercio, Colombia Productiva, Inexmoda and Propaís
presented the results of the ‘Designing the Future’ project, which increased productivity and business opportunities for 423 entrepreneurs
in eight departments of Colombia.
Colombia Productiva strengthened programs to reactivate companies
Companies of all sizes will be able to access personalized services at no cost to reduce internal costs, optimize processes and improve
their profitability, among other benefits.
In two years, MSMEs increase their participation in Colombian exports
Between 2018 and 2020, the country's micro, small and medium-sized enterprises increased their participation in Colombia's total exports,
going from representing 16% to 18%. However, when looking at the number of exporting companies, this type of enterprises went from being
71% two years ago, to representing 77%.
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27 million to be placed at AID bank for small business in next two months
Prime Minister has announced plans to advance a commitment made to deposit 30 million dollars at the Dominica Agricultural Industrial
and Development (AID) Bank for on-lending to micro, small and medium-sized businesses.
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MSMEs in the tourism sector and entrepreneurs from Dajabón take advantage of the services of the Mipymes Route
Micro and small entrepreneurs from the tourism sector, as well as entrepreneurs from the province, took advantage of the formalization
services, trade name registration, graphic line design, MSMEs certification and specialized consultancies offered for three days by
public and private institutions that are part of the Mipymes Route.
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They presented funds available for the support of MSEs
The Government of El Salvador, through the National Commission for Micro and Small Enterprises (CONAMYPE), presented different
funds available to support MSEs and artisans. More than half a million dollars will be made available to MSEs of different
productive sectors among which are handicrafts, agro-industry, textiles and confession, among others.
Funds to 31 companies in the artisanal sector
The National Commission for Micro and Small Business (CONAMYPE) together with the Board of Directors of the Special Fund for
Resources from Privatization of ANTEL (FANTEL), delivers funds for more than $ 21,000 to artisans.
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Government developing secondary market for movable assets to improve access to finance for MSMEs
The government is a step closer to developing Jamaica’s secondary market for movable assets which will allow small businesses to
access funding through asset-based lending (ABL) by using movable assets as collateral for loans.
E-Commerce National Delivery System (ENDS)
Business sector leaders say the E-Commerce National Delivery System (ENDS) can potentially assist in revolutionizing economic activity in
Jamaica, by facilitating the transition of more informal operators into the formal sector.
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Finance, Economy and Inmujeres sign agreement "Women in digital transformation"
As part of the program to promote economic growth with a gender perspective and within the objective of the program "Economic growth
with a gender perspective", led by the Ministry of Finance, referring to "Improving working conditions and productive skills", it was
carried out the signing of a collaboration agreement to promote the development of business, digital and financial skills for women.
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Panamanian MSMEs benefit from regional e-commerce project
Some 50 micro, small and medium-sized Panamanian companies were selected to benefit from the regional project called "MIPYMES online",
with which they will receive free technical assistance from experts who will help them formulate their own strategy to increase their
digital sales and have access to international markets; an initiative that will be developed in the country in close coordination with
the Ministry of Commerce and Industry (MICI), the Micro, Small and Medium Enterprise Authority (AMPYME) and the Government Innovation
Authority (AIG).
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MSMEs participate in course to develop a business plan
Within the framework of the Training course in Management and Administration of MSMEs, developed by the Vice Ministry of MSMEs of
the Ministry of Industry and Commerce (MIC), the webinar called Questions & Answers was carried out, with the topic: Structuring
the Business Plan.
Entrepreneurial women trained in business empowerment and management
The second edition of the \ "Business Plan Course-Workshop, Entrepreneurial Woman \" will be carried out through the \ "Female
Entrepreneurship \" initiative of the Vice-Ministry of Mipymes, of the Ministry of Industry and Commerce (MIC), in partnership
with institutions of the National System of MIPYMES (SINAMIPYMES). This training was designed to benefit women entrepreneurs,
giving them the opportunity to access resources and tools to manage their businesses, and empower women entrepreneurs.
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The Ministry of Production: 200 SMEs from 18 regions of the country will showcase their products at a virtual fair
Two hundred SMEs will be able to offer their products nationwide at the virtual fair "Peru Unstoppable 2021" whose objective is
to promote the economic reactivation of companies to face the pandemic, increasing their sales and productivity, reported the
Ministry of Production (Produce).
Produce launches a web portal that will allow you to know progress in formalization procedures
Artisanal fishermen will have immediate and free access to the web platform pescaformal.pe, which will provide information,
guidance and tools necessary for the formalization process.
Produce promotes industry 4.0 and its adaptation in MSEs
In order to help MSEs accelerate the adoption and use of technologies in their industrial processes, the Ministry of Production (Produce)
held the virtual event: "Towards an Industry 4.0: success stories and industrial maturity diagnosis workshop ”.
Produces: More than 2 thousand SMEs will be able to sell goods to the State for a value greater than S / 200 million
Providing a new boost to micro and small businesses, three new calls for Purchases to MYPErú were launched, for an assigned value of
S / 210 488 805, which will benefit 2,281 SMEs.
Produces: More than 2 thousand SMEs will be able to sell goods to the State for a value greater than S / 200 million
FAE-Tourism is an important financial support fund created by the Peruvian Government. It grants credits for up to S / 750,000 to
be paid in a term of up to five years, and offers up to 18 months of grace period.
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Development Bank partners with Department of Agriculture in training livestock farmers
Development Bank of St. Kitts and Nevis is one of the institutions partnering with the Department of Agriculture on St. Kitts as the
Department educates livestock farmers how to operate as business professionals, advising them that their job is more than just production
and animal husbandry.
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SERRP Played Critical Role in Stimulating Economy
Saint Lucia's Economic Recovery and Resilience Plan (ERRP) played a critical role in implementing measures geared to stimulate the economy
as the island "dug deep" to stay afloat in light of COVID-19.
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The Government taking Small Business Development to another level
The Small Business Development Centre (SBDC) recently facilitated the transformation of the Gladstone Road property that formerly housed
Phil’s Supermarket into the new, permanent home for the Tin Ferl Food Park.
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SBA to Open Shuttered Venue Operators Grants for Applications on April 8 at 12 p.m. EDT
The U.S. Small Business Administration will officially open the Shuttered Venue Operators Grant (SVOG) application portal on April 8, 2021
at 12 p.m. EDT for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters,
theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some of the first that
had to shutter their doors a year ago in response to the COVID-19 pandemic.
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Launch of SheTrades Uruguay
Launch of the SheTrades Uruguay initiative, a platform that offers integrated solutions to economically empower women through trade.
MIEM awarded $ 1,950,000 non-refundable to the winners of the Call for Women Entrepreneurs 8M_2020
The 2020 edition of the 8M Call, which is committed to supporting and developing women's projects in key areas of productive activity,
selected eight enterprises led by women from Montevideo and the interior. They belong to different sectors of activity, and the
destinations of the funds range from the purchase of machinery and equipment to the contracting of marketing services, e-commerce
channels and training.
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International and Regional Organizations
Central American Bank for Economic Integration (CABEI)
More than 900 Guatemalan microenterprise jobs protected through CABEI Credit Facility
Nearly 900 jobs in Guatemalan micro and small enterprises have been preserved through a disbursement granted by the Central
American Bank for Economic Integration (CABEI) to BANRURAL for US$4.0 million under the MIPYME Financial Sector Support
Facility Program.
Organization of Eastern Caribbean States (OECS)
ECPCGC Rolls-Out New Products for Regional Businesses
The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) has rolled-out two new products to assist medium and
small enterprises, which have suffered due to the COVID-19 pandemic.
Central American Integration System (SICA)
SICA, the European Union and Spain launch a reactivation fund for more than US $ 1.5 million for MSMEs in priority
border municipalities in Central America
Participating MSMEs must be based in prioritized border municipalities of Guatemala, El Salvador, Honduras, Costa Rica
and Panama. Those that present their economic recovery initiatives will be evaluated and the winners will be able to
access a minimum fund for each initiative of US $ 5,000 and a maximum amount of up to US $ 100,000, with non-reimbursable
financial resources.
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