Strengthening Community Institutions that Support Local Microentrepreneurs in El Salvador
Inter-American Development Bank (IDB)
In most cultures around the world, municipal markets are popular places for starting up small businesses. An entrepreneur can set up a stall with very low overhead costs, and sell anything from food to crafts, from household goods to simple services. Some sellers pass their market businesses down through their families; others may use their market stalls as launching pads for larger projects. Communities also benefit from central marketplaces that offer shoppers a variety of fairly priced and locally produced products. In El Salvador, a new credit facility supported by the Inter-American Development Bank¿s Opportunities for the Majority (OMJ) initiative will help ensure that municipal marketplaces remain a vibrant part of the local economy and a cradle of entrepreneurship and innovation.