Project for recovery of micro and small entrepreneurs in BDS

Dominican Government, UAPA and AECID conclude project for the recovery of micro and small entrepreneurs in SDE affected by the COVID-19 crisis.

“The Vice Minister of International Cooperation of the Ministry of Economy, Olaya Dotel, valued that this project contributes to the fulfillment of the objective of the END on promoting human and social capital and economic opportunities for the vulnerable population.

Santo Domingo, Dominican Republic (October 2022). The Dominican Government, the Open University for Adults (UAPA) and the Spanish Agency for International Development Cooperation (AECID) closed a project for the recovery of 200 MSMEs in Santo Domingo East that had been impacted by the crisis caused by the COVID-19 pandemic, which contributes to the priority of the current administration to recover the national economy.

As part of the project “Recovery of livelihoods for micro and small entrepreneurs affected by the COVID-19 crisis in depressed suburban areas in Santo Domingo”, 200 hygiene kits and 137 pieces of equipment (laptops, printers, sewing machines, freezers, cameras) were delivered; in addition, 183 business registration and formalization processes were carried out, of which 27 processes are complete formalization of beneficiaries.

In addition, 200 business plans were prepared, with templates to enable the beneficiary to restructure his business after the pandemic; 200 diagnoses were carried out to see the level of the beneficiary’s business and training in social network management.

The Ministries of Economy, Planning and Development, and Industry, Commerce and Mipymes (MICM), as well as the UAPA participated in the initiative, with the financial support of the AECID, for an amount of 270 thousand Euros, highlighting that 53% of the funds were destined to women dedicated to the beauty, esthetics and food sector.

The Deputy Minister of International Cooperation of the Ministry of Economy, Olaya Dotel, explained that in the Dominican Republic 98% of formal and informal companies are MSMEs, generate more than 50% of employment and contribute more than 38% to the gross domestic product (GDP).

“We can say that the livelihood of 200 micro-entrepreneurs in the suburban areas of Santo Domingo East has been improved. Likewise, we value the impact of this project in the fulfillment of specific objective 2.3.2 of the National Development Strategy (END) 2030, which promotes raising human and social capital and economic opportunities for the population living in poverty,” she said.UAPA And AECID

The rector of UAPA, Miriam Acosta, said that the academic institution assumes social responsibility as one of its fundamental functions and has historically been committed to the development of programs and activities aimed at contributing to the satisfaction of basic needs of vulnerable communities in the country, as well as to their social development.

Manuel Alba Cano, AECID’s general coordinator in the country, said that this international cooperation initiative made it possible to save many businesses and praised the Dominican Republic’s overall response to the health and economic crisis caused by covid-19.

José Luis Morillo, director of International Cooperation of the Ministry of Foreign Affairs, said that the entity works hard to coordinate strategic actions of international cooperation with the Ministry of Economy, ensuring that it is connected to foreign policy and national development plans.

Melissa Rodríguez, head of the Department for the Promotion of Competitiveness of MSMEs of the MICM, praised the impact of this project on the 200 MSMEs benefited, which received seed capital for their positioning in the market.

Edwin Félix, director of the Centro Mipymes UAPA Santo Domingo Este, said that the project included training in the use of social networks to improve the projection and digital visibility of the beneficiary companies, as well as the development of business plans to strengthen their planning capabilities and overcome structural weaknesses.

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