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From the island of San Andrés and Providencia, the Minister of Commerce, Industry and Tourism, Germán Umaña presented the financial inclusion strategy focused on the territory. Representatives of Davivienda, Bancoldex, the National Guarantee Fund and Finagro participated in this.
The minister explained: “It is not a subsidy, it is a commitment between all the actors,” said Umaña.
In addition, he reiterated his flagship proposal of proposing reindustrialization from popular economies and the Raizal communities of San Andrés with access to credit.
The program is named after: San Andrés, Providencia and Santa Catalina, a cashless archipelago and a supportive ecosystem and its goals are to encourage digital payment, improve mobility on the island, influence tourist services, reduce plastic and the digital footprint.
Thus, the new line of credit will execute $75,000 million at the head of Bancóldex.
Javier Díaz Fajardo, president of the entity, highlighted that “with this joint effort between the National Government and Bancóldex“We want microentrepreneurs to have the necessary resources to guarantee their productive activities and continue to be a source of employment and economic growth.”
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Credit for entrepreneurs from San Andrés
This line will allow microentrepreneurs from all economic sectors to access working capital and modernization credits, both in the Archipelago and in the Border Areas.
This means that with This financing will be able to buy raw materials, supplies, pay payroll and meet all operating expenses so that their businesses continue to function and thus recover their productive activity.
They may also improve their production processes through the purchase or leasing of real estate, machinery and equipment, or make improvements to the facilities and acquire assets that are related to the economic activity of the microenterprise.
The amounts that micro entrepreneurs in San Andrés will be able to access
Microentrepreneurs in these regions will be able to access credit of up to $50 million and in the case of San Andrés, Providencia and Santa Catalina there will also be a special low-amount quota of up to $6 million.
Besides, Thanks to the contributions of the National Government and the support of the FNG, the line will have favorable conditions in terms of rates and terms ranging from two to five years, also if there is good payment behavior the rate will go down.
Link: They confirm $75,000 million in loans for microbusinesses in San Andrés, Providencia and Santa Catalina published in Valora Analitik – Economic, political, stock market and financial news.. All rights reserved.
2023-11-11 00:14:13
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