Experts from El Salvador help strengthen the entrepreneurial ecosystem in Guatemala

Entrepreneurial ecosystems
As part of its goal to create a competitive private sector in Guatemala, the Programme Expert Consulting Services (SEC Guatemala) will expand its offering to include mentoring and technical support from volunteer Salvadoran experts.

Thanks to an inter-institutional cooperation agreement with the organisation Sabios y Expertos, the SEC project in Guatemala adds experts from El Salvador to its pool of 790 Swiss and Guatemalan expert advisors.

Since its inception in 2020, SEC Guatemala has supported more than 60 growing companies in the agricultural, manufacturing, tourism and trade sectors on topics such as strategic planning, business strategies and support in improving processes and workflows. Since then, its impact has translated into an increase in sales of USD $1 million and the creation of more than 100 new jobs, which will be enhanced with this new alliance.

Sabios y Expertos is a senior expert organisation subsidiary of Seguros Confía de El Salvador that inherited the senior expert programme PUM from the Netherlands.

Sabios y Expertos is a subsidiary of Seguros Confía de El Salvador, which has taken over the Senior Expert Programme PUM of the Netherlands.

This project is financed by Argidius Foundation, Jansen PrimeSteps Foundation, among other donors. It is part of the Swisscontact Development Programme, which is co-financed by the Swiss Agency for Development and Cooperation (SDC), Federal Department of Foreign Affairs FDFA.

Entrepreneurial ecosystems
Expert Consulting Services, SEC Guatemala
Although small and medium enterprises (SMEs) in Guatemala account for 85% of the total job market, they only represent 35% of the GDP. There are many factors that prevent SMEs from being more productive: low levels of education, lack of access to financing and information on markets, insufficient capabilities in business management and a lack of support for entrepreneurs. Improving entrepreneur’s performance and increasing their participation in local and global markets could have very positive results for the entire economy.