New financing modalities to combat poverty in Colombia

• Autor(a) principal: Jiménez Sánchez, Jorge Iván
• Data de Publicação: 2022
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Conhecimento Online
• Texto Completo: http://periodicos.feevale.br/seer/index.php/revistaconhecimentoonline/article/view/2894
• topic: Pandemic, Covid-19, inclusión, poverty, Fintech, credit.; Pandemia, Covid-19, inclusión, pobreza, Fintech, crédito.; Pandemia; Covid-19; Inclusión; Pobreza; Fintech; Crédito

Summary The Covid-19 pandemic has increased poverty in Colombia, the country will regress years of progress in this area, to get ahead it is required to have adequate financing which is quite difficult. Traditional banks are reluctant to lend to the most needy, due to the low amounts they can access, the lack of guarantees and collateral, as well as the high cost they represent for the entities, all this makes them unsuitable customers for the traditional financial system. This forces many to look for other forms of financing that are often inadequate. To face the problem there are several alternatives, many of them from duly authorized individuals who can provide financial services under better conditions. The search concludes that it is possible to find better financing modalities, which can help to fight poverty.