The Special Fund for the Development of Micro and Small Enterprises (Fecamype) approved three new lines of credit for businesses that have not been able to obtain financing from traditional banking, as reported by the president of the National Commission for Micro and Small Enterprises (Conamype), Paul Steiner, during an interview on Radio YSKL.
The new modalities include debt consolidation, a revolving credit line for working capital, and financing for startups or new economic activities. Steiner indicated that the funds will be directed to micro and small enterprises that have been rejected by banking institutions.
"Fecamype only lends to those who have been rejected by banks," the official stated. He explained that the first line seeks to help entrepreneurs with accumulated financial obligations, through a payment plan that allows them to organize their liabilities and resume their operations.
The second modality will be a revolving credit, which Steiner compared to an overdraft. The mechanism would allow companies to pay larger amounts when they have liquidity and later use those funds when they need resources for working capital.
The president of Conamype argued that this tool responds to the income fluctuations faced by many small businesses. "When you have money, you pay more and create more cash flow. When you are short on money, you use that cushion," he noted.
The third line will be g…
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The regional offices of the National Commission for Micro and Small Enterprise will provide technical advisory services for developing business plans and financial projections. /(Courtesy of Conamype)The Special Fund for the Development of Micro and Small Enterprise (Fecamype) approved three new lines of credit for businesses that have not been able to obtain financing from traditional banking, as reported by the president of the National Commission for Micro and Small Enterprise (Conamype), Paul Steiner, during an interview on Radio YSKL. The new modalities include debt consolidation, a revolving credit line for working capital, and financing for startups or new economic activities. Steiner indicated that the funds will be directed to micro and small businesses that have been rejected by banking institutions.
"Fecamype only lends to those who have been rejected by the banks," the official stated. He explained that the first line seeks to help entrepreneurs with accumulated financial commitments, through a payment plan that allows them to organize their obligations and resume their operations. The second modality will be a revolving credit, which Steiner compared to an overdraft. The mechanism would allow businesses to pay larger amounts when they have liquidity and later use those funds when they need resources for working capital. Steiner presented the Acelera tu MYPE program, which plans to serve 8,000 microentrepreneurs through the end of 2028. /(Conamype)The president of Conamype argued that this tool responds to the income fluctuations faced by many small businesses. "When you have money, you pay more and create more cash flow. When you're short on money, you use that cushion," he noted. The third line will be intended for people who want to open a business or add a new line of business to a company that is already operating. Steiner said that interested parties can go to Conamype's regional centers and MYPE offices to receive support in preparing business plans, financial projections, and credit applications.
The official mentioned tourism as one of the sectors with expansion possibilities for micro and small enterprises. According to his explanation, the chain includes everything from tour operators, restaurants, hotels, and artisans to agricultural producers who supply inputs for those services. Steiner stated that tourism growth has created demand exceeding supply in activities related to serving visitors. He also noted that entrepreneurs need training to calculate costs, set prices, and sustain their operations. Paul Steiner, president of Conamype, explained that the new financing modalities cover debt consolidation, revolving credits for working capital, and funds for new ventures. /(YSKL)"Managing a business is science, not art," he affirmed. As an example, he pointed out that restaurants must know the specific cost of each dish in order to set prices that cover salaries, rent, utilities, and other expenses, in addition to generating profits.
During the interview, Steiner indicated that Conamype works with businesses in the tourism chain on quality, business management, marketing, and costing. The goal, he said, is to prevent tourism-related businesses from having a short lifespan or reducing their service quality in the face of financial difficulties. The president of Conamype also presented the Acelera tu MYPE program, which is part of Aldea, an initiative financed through a World Bank loan and coordinated by the Ministry of Economy. The program plans to serve 8,000 microentrepreneurs through the end of 2028. Of that total, 4,000 will be able to receive non-repayable capital to carry out growth and expansion plans, according to Steiner. Four thousand businesses will be able to receive up to $9,000 in non-repayable capital to finance growth plans, according to Conamype. /(Conamype)Beneficiaries will be able to access up to $9,000 in non-repayable capital, which can be used for machinery, vehicles, working capital, or other assets defined in an approved investment plan. The funds do not constitute a debt, but beneficiaries must justify their use and return them if they fail to comply with the conditions of the contract.
To participate in the acceleration phase, businesses must have annual sales of less than $100,000, have six or fewer employees, and have been operating for at least one year. The program also admits informal businesses. Steiner specified that there will be a consolidation modality for ventures that are still in survival conditions. In addition, he clarified that, due to World Bank requirements, program participants must be under 41 years of age at the time of registration. In family businesses, he suggested that a son, daughter, or other member who meets the age requirement could assume representation of the company.
The head of Conamype argued that formalization should be understood as a process of professionalization and compliance with requirements, beyond the payment of taxes. He mentioned tools such as Contamype, a free accounting system for businesses with sales under $2 million annually, and Facturamype, a free electronic invoicing platform. The institution reported that business owners can request advisory services to prepare business plans and financial projections before applying for financing. /(Conamype)He also announced that by the end of 2027 there will be 44 one-stop business service windows in municipal offices throughout El Salvador. These spaces will seek to facilitate formalization processes, permits, and access to training. In the interview, Steiner noted that Conamype worked with more than 12,000 businesses on formalization processes during 2025 and that, in the first six months of 2026, it had already served 8,000 businesses.