ADEL Morazán Business Development Center in El Salvador will strengthen its services to MSMEs with support from CABEI, the European Union and the Government of Germany

San Salvador, December, 2023.- With the objective of strengthening business capabilities and implementing sustainable and quality development services, the DINAMICA II Initiative of the Central American Bank for Economic Integration (CABEI), the Government of Germany, through the KfW, and the European Union (EU), announced the granting of non-reimbursable technical assistance to the Morazán Local Economic Development Association, ADEL Morazán, for US$45,400.

Through this technical assistance, the advisory team of the Business Development Center for Micro and Small Businesses (CDMYPE) of ADEL Morazán will strengthen its capabilities in topics such as business coaching, soft skills, digital tools, digital content creation and innovation, which will improve the quality of the services provided to the 280 MSEs served by this Center.

Currently, ADEL Morazán's CDMYPE, which has the support of the National Commission for Micro and Small Enterprises (CONAMYPE), advises and accompanies MSEs in the tourism, agro-industrial, manufacturing, and agricultural sectors, which face common development challenges related to innovative processes and business digital transformation. In this sense, the support provided by the DINAMICA Initiative is key to the generation of new competencies and technical skills that allow strengthening the services demanded by MSEs in Morazán.

In addition, part of the support consists of developing and implementing a computer monitoring and evaluation system that will facilitate the analysis, evaluation, and systematization of the results and services provided to MSEs.

The DINAMICA II Initiative is a tripartite effort of CABEI, the Government of Germany, through KfW and the European Union, which seeks to contribute to economic development and job creation in Central America, strengthening the business ecosystem for new, young, and innovative MSMEs, in addition to promoting adequate access to financial services.

To date, this Initiative has supported Salvadoran MSMEs with more than US$12 million in loans; has strengthened more than 98 micro and small enterprises with non-reimbursable resources from Small Donations; and has more than US$6 million for allocations in technical assistance to strengthen Business Development Centers and MSEs, as well as seed capital for innovative ventures and MSEs, through the Special Window of El Salvador.