Monday, December 11, 2023

Income from small and medium-sized companies in Bolivia is stagnant

Nelson Aruquipa, vice minister of Micro, Small Business, and Crafts, stated that the program covers the last three years and extends to 16 towns in six departments of the country, with an investment of more than 33.6 million bolivianos (almost five million dollars).

As a result, he added, manufacturing units have improved their productive capacities, increased their economic income, and created direct and indirect jobs.

“In support of productive development in this case for the micro, small business sector that is part of our government’s policy, Cosude’s contribution is very important,” he said.

Aruquipa described the project led by the Ministry of Productive Development and Plural Economy as successful and implemented by the ProBolivia entity.

For his part, the executive general director of that institution, Vidal Coria, recalled that the national government signed an agreement with Cosude Bolivia to seek technical and financial support for the Promype Phase II project with the aim of developing the productive and commercial capacity of micro and small manufacturing companies.

He continued that in this way, the textile, food, leather, wood, and metal sectors are favored in the departments of La Paz, Cochabamba, Potosí, Oruro, Chuquisaca, and Tarija.

“In the actions implemented, 1,066 productive units benefited from the transfer of productive assets with an investment of more than 11.6 million bolivianos (over one million 600 thousand dollars),” he said.

In addition, 2,194 received training services and technical assistance with a disbursement of 1.2 million bolivianos (over 171 thousand dollars).

Sources from the Productive Development and Plural Economy portfolio estimated that 1,241 owners of MyPEs obtained the competency certificate, 2,248 accessed financial services, and more than 4,500 accessed commercial promotion and electronic commerce.

The head of the SDC, Ueli Mauderli, in turn, declared himself “proud” of the presence of the Swiss Cooperation in Bolivia with the Promype Phase II project, which aims to develop these economic structures.

“We have a lot of faith in small and small businesses because they are important in the economic transformation of a country – insisted Mauderli, and with the support of Promype, we support the productivity of every microbusiness, marketing it so they can sell better.”.

World Nation News Desk
World Nation News Desk
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