MICROCAPITAL BRIEF: University of Texas, El Centro para la Promoción de la Micro y Pequeña Empresa en Centroamérica (CENPROMYPE), US Department of State Launch Small Business Development Center in Honduras

The University of Texas at San Antonio (UTSA) International Trade Center, a US-based trade assistance organization; El Centro para la Promoción de la Micro y Pequeña Empresa en Centroamérica (CENPROMYPE), a Central American institution focused on small-business development; and the US Department of State Pathways for Prosperity Initiative, a policy dialogue effort linking 12 Western Hemisphere countries, has launched a Small Business Development Center (SBDC) in the city of Choluteca, Honduras. [1]

The center, which is part of a network of SBDCs run by UTSA in Latin America since 2003, will seek to assist entrepreneurs in growing their businesses by offering them services such as marketing, production, business strategy, financial planning and professional networking. IN 2012, In advance of the opening of the SBDC in Choluteca, a group of approximately 50 stakeholders in Honduran businesses received entrepreneurial training provided by the UTSA International Trade Center.

As of 2013, 16 SBDCs affiliated with UTSA are in operation in Costa Rica, the Dominican Republic, Guatemala, Honduras and Panama. Nine more centers are planned for the region, including the one in Honduras. CENPROMYPE was launched in 2001 and is supported by the US State Department’s Pathways for Prosperity Initiative.

By Meghan Gillis, Research Associate

About the Center for the Promotion of Small Businesses in Central America (CENPROMYPE)

Sponsored by the US State Department’s Pathways for Prosperity Initiative, the Center for the Promotion of Small Businesses in Central America (CENPROMYPE) is a regional institution that was formed in 2001 by the seven Central American states. It focuses on promoting trade, local economic development, improving the quality of employment and strengthening entities that provide business development and financial services. Financial information on CENPROMYPE is not yet available.

Sources and Additional Resources

[1] San Antonio Business Journal: “UTSA helps Honduras set up small-business assistance network,” http://www.bizjournals.com/sanantonio/news/2013/05/28/utsa-helps-honduras-set-up.html

[2] SBDC Global: “Honduras SBDC project,” http://www.sbdcglobal.com/index.php/us/honduras-sbdc-project.html

MicroCapital brief, May 19, 2013, “MICROCAPITAL BRIEF: Eastern Caribbean Central Bank Promotes Entrepreneurship Through 20-week Startup Design Course, Supports ‘Small Business Credit Guarantee Scheme,’” https://www.microcapital.org/microcapital-brief-eastern-caribbean-central-bank-promotes-entrepreneurship-through-20-week-startup-design-course-supports-small-business-credit-guarantee-scheme/

MicroCapital brief, May 14, 2013, “MICROCAPITAL BRIEF: IFC, Canadian International Development Agency (CIDA), Atlantic Bank of Belize Extend Effort to Improve Access to Small, Medium-Sized Enterprises, Increase Portfolio to $35m by 2014,” https://www.microcapital.org/microcapital-brief-ifc-canadian-international-development-agency-cida-atlantic-bank-of-belize-extend-effort-to-improve-access-to-small-medium-sized-enterprises-increase-portfolio-to-35m-by-201/

MicroCapital brief, May 1, 2013, “MICROCAPITAL BRIEF: Multilateral Investment Fund to Invest $5.8 million in Equity in Nxtp Labs of Argentina to Support Technology Start-Ups in Latin America,” https://www.microcapital.org/microcapital-brief-multilateral-investment-fund-to-invest-5-8-million-in-equity-in-nxtp-labs-of-argentina-to-support-technology-start-ups-in-latin-america/

MicroCapital brief, September 27, 2012, “MICROCAPITAL BRIEF: Multilateral Investment Fund, Global Partnerships to Establish $1m Health Project in Ecuador, Haiti, Honduras, Nicaragua,”https://www.microcapital.org/microcapital-brief-multilateral-investment-fund-global-partnerships-to-establish-1m-health-project-in-ecuador-haiti-honduras-nicaragua/

MicroCapital brief, January 21, 2012, “MICROCAPITAL BRIEF: Banorte, Rev Worldwide Announce Launch of Microfinance Program Offering Mobile Payments, MasterCard Services in Mexico,” https://www.microcapital.org/microcapital-brief-banorte-rev-worldwide-announce-launch-of-microfinance-program-offering-mobile-payments-mastercard-services-in-mexico/

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