Strengthening business development capacities and skills of 10 Nicaraguan MSMEs
The non-reimbursable technical cooperation amounts to US$48,390.0.
Managua, September 5, 2017. - Today, the Central American Bank for Economic Integration (CABEI) and Universidad Centroamericana (UCA/NITLAPAN) signed a US$48,390.0 Non-Reimbursable Technical Cooperation Agreement (Donation) for the program "Strengthening Business Development Capacities and Skills of 10 Nicaraguan MSMEs."
The donation is granted in the framework of the Initiative, “Development of Business Ideas and Acceleration of Central American MSMEs (DINAMICA),” which is promoted by CABEI with support from the Government of Germany through the KfW
Development Bank and the European Union as part of its Latin American Investment Facility (LAIF).
The donation seeks to improve managerial and business capacities in order to streamline decision making and problem solving with regard to the challenges and problems faced in a highly competitive business environment, as well as to raise the level of penetration in more dynamic national and international markets and thereby achieve medium-term sustainability.
The program resources will be channeled to 10 MSMEs, which will be selected based on their capacity strengthening needs. The beneficiary MSMEs will also be provided with on-site business advice and personalized technical assistance, as well as support in the processes of inclusion to added value networks and insertion into new markets (Networking).