Credit helps to overcome the poverty line: Asomicrofinanzas | National

Today, 3.3 million Colombians have a microcredit, this, for Miguel Ángel Charria Liévano, chairman of the Asomicrofinance Board of Directors, confirms how the microfinance industry is becoming more important every day.

"From a social point of view, we have shown that access to financial products and services, education programs and technical badistance offered by microfinance institutions contribute to improving the quality of life, to the reduction of poverty and the development of their communities ", said Charria Liévano at the 11th Asomicrofinance Congress held in the last days in Cartagena

Dairo Estrada, Principal Investigator of the Issuer, issued a similar opinion for to ensure that: "it has been shown that the u the use of credit helps to overcome the poverty line. "

Charria Liévano recalled that 90% of the national productive apparatus is in the hands of small businesses; therefore, it is essential to support the development of the existing 10.4 million micro-enterprises or self-enterprises, "of which six million continue to have the" drip "as their only alternative financing

mainly concentrated in large cities, rural areas continue to gain participation, although interest rates are slightly higher.

Disbursements increased

According to the results of a study conducted by Banco de la República and Asomicrofinanzas in Santander between January and May 2018, $ 39 769 million was disbursed, which translates into an increase of 3.1 % compared to the same period of the previous year.

On the other hand, out of the 2 million 949,000 microcredit clients – 136,525 in the department – Microfinance companies report that 55.7% are men and 44.2% are women, but these have shown great momentum lately.

Finally, research from the Bank of the Republic and Asomicrofinance revealed that 53% of microcredit operations carried out in 2017 had an insurance product, "this shows that the use of insurance has increased significantly. "