An explosion of small shops stretches across Havana, the most visible expression of the space gained by private companies in Cuba. The so-called SMEs, authorized only in 2021, displace state businesses, which are increasingly empty. “Here there is!”, is the name of a small store recently opened in the west of the Cuban capital, where […]
Tag: SMEs
The World Bank approves a US$300 million loan to support SMEs in Ecuador
The World Bank (WB) approved this Wednesday a loan for US$ 300 million to expand a financial support program for small and medium-sized companies (SMEs) in Ecuador, executed since 2021 by the state-owned National Financial Corporation (CFN). The WB office in Quito indicated that the agency’s executive board in Washington approved the loan that will […]
Mypes debts will be rescheduled due to emergency after heavy rains
The Superintendency of Banking, Insurance and AFP (SBS) authorized the entities of the financial system to adopt exceptional measures and grant a term of up to six months to the debtors of the loan portfolio, since they may have been affected by social conflicts or weather phenomena, which have led the authorities to declare certain […]
Sunat: businesses can now request deductions
The National Superintendence of Customs and Tax Administration (Sunat) approved an exceptional procedure so that taxpayers with a balance in their deduction accounts can request the release of these funds to use said resources in their commercial activities; This measure is part of the Con Punche Peru plan of the Ministry of Economy and Finance […]
Reactiva Peru: more than 42% of the loans are still owed
After more than two years of having implemented the Reactiva Peru credit program, thousands of companies have already begun to pay their loans as they have been reactivated; however, there are still outstanding balances. Thus, as of October of this year, of the S/58,044 million granted in credits, more than S/33,308 million have already been […]
IDB Invest increased financing to SMEs in Peru and Chile through an alliance with Primus
IDB Invest, the private sector arm of the multilateral Inter-American Development Bank (IDB), reported this February 2 that it granted financing of 27 million dollars to Prime Capital to support its operations aimed at financing small and medium-sized enterprises (SMEs) from Peru Y chili. This entity finances sustainable companies and projects so that they achieve […]
More than S / 30 million will be placed to boost the mypes in end-of-year parties
Caja Piura plans to place more than S / 30 million in order to boost credits for entrepreneurs and micro-entrepreneurs from all over Peru and boost their business for the end of the year parties. In order to contribute to the economic reactivation focused on tourism, gastronomy and local entrepreneurship, Caja Piura seeks to impact […]
Regional integration of SMEs, Aladi’s commitment to increase trade
The regional integration of small and medium-sized enterprises (SMEs) to put aside political speeches that “sometimes fail” and generate a digital platform in the continent is the bet of the Latin American Integration Association (Aladi) to strengthen trade in times of economic crisis. This is how the general secretary of Aladi, the Uruguayan Sergio Abreu, […]
In less than three months, Cuba approves almost 900 private SMEs
In less than three months of application of a package of laws that allowed in Cuba the opening of small and medium businesses private after almost five decades of prohibition, the authorities approved almost 900 of them. A report from the Ministry of Economy and Planning indicated that there are 901 new ventures approved under […]
Congress approves law so that Mypes receive payments in 30 days
The Plenary of Congress unanimously approved Law 286/2021-CR, which promotes the payment of fees and invoices from mypes within 30 days by public or private companies with the aim of promoting their economic reactivation and supporting micro and small business entrepreneurs (mypes). “The main thing is that micro and small companies have a better bargaining […]