Financing Young Entrepreneurs Differently: Insight From Central America
Despite the recognition of the role of micro and small enterprises in the global economy, they still face multiple challenges. One of the main obstacles is the limited access to finance, especially for those businesses that are already established and need between EUR 5,000 and EUR 50,000 for their development. Another challenge for these companies is to strengthen their management skills, in particular their financial and accounting management and those related to market access. Moreover, the lack of basic accounting and financial statements is often a major barrier to accessing finance.
Faced with this situation, some actors in Central America are developing innovative solutions for entrepreneurs, based on a financing offer combined with support on product development, market access, and management.
The event will take place in Spanish with English translation.