The Government of El Salvador, recognizing micro and small businesses as key drivers of the national economy, has successfully completed the third edition of an entrepreneurial training program with the support of South Korea.
Led by the National Commission for Micro and Small Enterprises (CONAMYPE) and financially backed by the Korea International Cooperation Agency (KOICA), this initiative aims to strengthen business projects through practical training. Additional support came from the Ministry of Foreign Affairs via the El Salvador Agency for Cooperation (ESCO), the Ministry of Tourism, and the United Nations Development Program (UNDP).
A total of 107 entrepreneurs from sectors such as agroindustry, textiles, cosmetics, and technology participated in the program, gaining insights into business models, market strategies, management, planning, and innovation.
“This moment symbolizes Korea’s firm commitment to the economic and inclusive development of El Salvador. Through this training process, which began in October 2024, we have provided a solid incubation and training platform that will have a lasting and significant impact,” said Kanghee Kim, Deputy Director of KOICA in El Salvador.
CONAMYPE President Paul Stainer highlighted the vital role of micro and small businesses, noting that they contribute 42% of the country’s GDP and employ approximately 2.5 million people. He also emphasized that participants will have access to seed capital, technical advice, and other resources to further strengthen their businesses.
Entrepreneurs who completed the program praised the initiative. “This support has been key to enhancing our ideas and strengthening our capabilities,” said Virginia de Castro, a tourism entrepreneur. Others, like hostel operator Ana Gonzáles and artisanal wine producer Mario Peralta, emphasized how the training provided essential business skills and new growth opportunities.
The closing ceremony was attended by the Minister of Tourism, Morena Valdéz, and representatives from UNDP.
For more information, contact:
National Commission for Micro and Small Enterprises (CONAMYPE)