New entrepreneurs in Guyana received technical advice from CVG and Bandes
Editorial Writer
Saturday, November 6, 2010

Under the cooperation agreement signed between Bandes Mibam and to finance the processing industry sectors and final iron, steel, aluminum, forestry, mining and environmental

Ciudad Guayana .- Technical staff of the Corporacion Venezolana de Guayana assigned to the Industrial Development Vice President met with a day of technical advice to new entrepreneurs in the Guayana region, to define and characterize business initiatives eligible for funding through the Bank National Economic and Social Development (Bandes), under the Cooperation Agreement signed between the financial institution and the Ministry of People's Power for Basic Industries and Mining (Mibam).

This agreement is a fundamental premise to promote the establishment of new businesses developed within the social production model aimed at the processing industry sectors and end of iron, steel, aluminum, forestry, mining and environmental.

José Luis Colmenares, vice president of CVG Industrial Development, explained that the working day was provided technical and financial assistance to representatives of business chambers and private sector independent of the Guayana region, to report the benefits they capitalize for their projects through funding Bandes, under the Cooperation Agreement signed between the Mibam and Bandes, where CVG serves as an articulating body of a technical nature.

"We are very excited with this activity, because the corporation has identified 26 profiles which are characterized many of the projects and ideas presented by the private sector in the area," said Colmenares.

CVG this activity fulfills its role as promoter of regional development, implemented through the Investment Promotion Manager, responsible for registering, assist and advise individuals or associations with productive activities.

Rafael Rojas, representative of the Coordination and Development Credit Agreements Bandes, reported that the main objective of the activity was to promote the benefits for new entrepreneurs interested in promoting downstream processing industries in the fields iron, steel, aluminum, forestry and mining metallic and non metallic, especially those linked to the construction industry.

In the presentation made by the entrepreneurs Bandes explained the scope of the agreement with Mibam, the financing policies of the institution so that potential customers know about them. "The financing of Bandes guideline is aimed at the transformation of a new production model that includes the participation of the private sector, set in a participatory, inclusive and socialist," said Rojas.

Bandes applies different financing conditions, depending on the characteristics of each entrepreneur, always giving priority to the social ownership of the means of production, "hence the associations with collective ownership have softer conditions, which stipulate the participation of community workers and also enjoy special conditions and benefits private property enjoys less flexible, but always in better terms than private banks, "said the representative of Bandes.

Technical Tables

In each of the tables set on this day he gave personal attention to entrepreneurs, clarifying doubts, analyzing the ideas, projects, and to characterize their economic feasibility, Bandes reporting requirements to handle the financing.

Participants include industrial cameras, specifically entrepreneurs with financing requirements for capital expansion and working with operating companies. The promotion stage projects and project ideas were called from the database of new entrepreneurs who advises the corporation.

It was backed by the company Sidor, CVG Alcasa and CVG Venalum, who collaborated with project personnel to advise transformers iron and aluminum.

Manuel Corro, representative of the Association "The Hard Steel", which brings together 5 000 ex Sidor, said they want to develop a draft drawing of wire rod for construction materials such as mesh floor, cyclone mesh, barbed wire and other products. They have 1 year and a half working with CVG in the design and formulation, in conjunction with CVG Ferrominera Orinoco, are currently completing the final financial runs.

"We welcome this initiative of CVG and qualify as positive, our goal is to complete the project in the coming days to apply for funding through Bandes," said Corro.

Cristina Lanz, representative of the workshop "Trends in Design Cristina Lanz CA", also welcomed the advice received at the conference, "I felt good experience because it gives opportunity to entrepreneurs who have no place in commercial banks, as only those who support have money, my company has 10 years experience and are considering the extension of the workshop, to acquire new physical infrastructure and working capital to increase production of our line of industrial uniforms, the project is completed and will be introduced in Bandes in the coming days, "he said Lanz.

Assisted projects in the Technical Committees

Manufacturing 28

Agricultural / Agribusiness 13

Serv. and Maint. Industrial 7

Turismo 4

Textile Finishing 3

Construction 3

Transport 2

Mining 1




61 TOTAL




Source: Registration of participants physical, Investment Promotion Manager CVG