MICROFINANCE + COOPERATIVES
Microfinance Institutions and Cooperatives: Available Credit Options in Colombia
A shop that needs inventory, a workshop planning to buy machinery, and a person who already saves through a cooperative do not necessarily need the same type of credit. Colombia has banks specialized in microfinance, financial cooperatives, and savings and credit cooperatives with different financing tools. The right choice starts with identifying why you need the money and what type of relationship you will have with the institution.
01 · Microcredit
Working capital and investment.
02 · Short-term credit
Temporary liquidity.
03 · Revolving credit
Reuse available financing.
04 · Cooperative credit
Contributions and membership.