The subsidiary signed a collaboration agreement with Conupia, Confederación Nacional de la Pequeña Industria y Artesanado de Chile (the national advocacy association for small and crafts entrepreneurs), to implement the Prompt Payment System, which stipulates a maximum term of seven days to pay SME suppliers. In addition, Abastible committed to share with the trade organization all the experience acquired since the implementation of this initiative as of 2023, in order to contribute to improving the situation of entrepreneurs and micro, small and medium-sized enterprises in the country.

Abastible’s general manager, Joaquín Cruz, said: “We started with this 7-day payment mechanism for SMEs, because we know that one of their greatest pains is financing and the availability of working capital. The initiative has a real impact and we want to take this message to the society as a whole to convince the public and private sectors that we must all create the conditions for SMEs to be born, grow and develop without limits. We are convinced that if they grow, the country will grow too, and with greater equality.”

With this, Abastible continues to make progress in the implementation of this program that has benefited more than 5,200 suppliers, thus responding to its corporate purpose of “Empowering the Entrepreneurial Spirit” so that SMEs can become the engine of the country’s social and economic development.