Bank financing revolutionizes small business growth in Colombia.
The article discusses how banks in Colombia are providing financing to small and medium-sized enterprises (SMEs). The researchers studied the current trends and challenges in SME financing by collecting data and conducting interviews with relevant entities. They found that bank financing for SMEs is becoming more important for Colombian credit institutions. However, the models for lending to SMEs are still developing, and there are institutional and policy constraints that need to be addressed. The researchers suggest a potential policy reform agenda to improve SME lending in Colombia.