The Ministry of Finance and Banca de las Oportunidades, together with Asomicrofinanzas and Confecoop, unions that bring together different specialized entities that promote the democratization of credit for the productive activity of the popular economy segment, signed an agreement to fight against informal loans known as ‘drop by drop’ and encourage financial education for the most vulnerable population.
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Participating in the alliance are the four niche microcredit banks, seven credit establishments, the Banco Agrario, 176 savings and credit cooperatives, five financial cooperatives and about 10 NGOs.
Within the framework of the 12th Asomicrofinance Congress, the Minister of Finance, José Antonio Ocampo, said that “Our bet is that the entities of the Bicentennial Group articulate and develop a credit inclusion strategy for the popular economy, in which the tools and driving factors are developed so that the entities can carry a financing offer adjusted to the characteristics and microcredit needs of the country”.
between work points defined are financial innovationinformation on this population segment and business support.
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“It is a historic moment, it is time for the public and private sectors to work together so that very soon there will be new national indicators, that we can improve the incidence rate and the poverty traps that the World Bank talks about, which is not having access to credit”, said María Clara Hoyos, president of Asomicrofinanzas.
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