This App includes a self-assessment tool based on the proven FINPYME Diagnostics methodology, which analyzes a company’s own strengths and weaknesses in six aspects:

• Competitive position
• Environmental and social sustainability
• Financial position
• Level of innovation
• Marketing and client relations
• Talent management and corporate affairs

It also provides users with news, information on events and other data pertinent to your business, all in the palm of your hand. Meanwhile, the MiPYME diagnostics tool offers self-assessments, adding more functionality throughout the year.

“We are excited to bring innovative tools to the region” says Gregory Da Re, IIC Chief of the Strategy and Innovation Division. “With the power of mobile technology, we are helping small businesses grow and become more competitive. By continuously engaging with users through the app, we are facilitating knowledge transfer and helping deepen our impact.”

Since its creation in 2000, FINPYME Diagnostics has been providing tailored advisory services and group training workshops to 1,300 business owners throughout Latin America and the Caribbean, helping them become more competitive. This new app leverages this combined experience and makes the program’s methodology available to the world. FINPYME can be downloaded for free from the App Store and Google Play.

About IIC

The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB), promotes private-sector development in Latin America and the Caribbean with a focus on small and medium-sized enterprises (SMEs). We help companies streamline management processes and provide them with financing in the form of equity investments, loans, and guarantees, as well as innovative technical assistance, advisory services, and knowledge products. In 2013, the IIC approved 71 operations totaling US$415.4 million. Since its inception in 1989, the IIC has approved more than 800 direct loans to SMEs and financial intermediaries, for a total of US$5.21 billion. An additional US$3.01 billion has been mobilized through cofinancing and syndication agreements.