Bank Financing to Small and Medium-Sized Enterprises (SMEs) in Colombia
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
World Bank, Washington, DC
Resumen
Descripción
The objective of this paper is to shed
light on current trends and policy challenges in the
financing of small- and medium-sized enterprises (SMEs) by
banks in Colombia. The paper is motivated by the
well-documented financing gap for SMEs, whose causes are
complex and multi-dimensional. Based on data collection and
interviews with the authorities, a representative sample of
banks, and other relevant entities, the authors analyze the
evolution and characteristics of this market in recent
years. Bank financing to SMEs is becoming a strategic
segment for Colombian credit institutions. The current
business and risk management models for SME lending are
still relatively underdeveloped, but greater sophistication
is expected as the market matures. Important institutional
and policy constraints to SME lending remain, but are not
yet binding. In order to address these constraints before
they "begin to bite", the authors identify and
describe a potential policy reform agenda.
Palabras clave
ACCEPTABLE COLLATERAL, ACCESS TO CREDIT, ACCESS TO FINANCE, ACCESS TO FINANCIAL SERVICES, ACCOUNTING, ACCOUNTS RECEIVABLE, AFFILIATE, AGRICULTURAL SECTOR, ALTERNATIVE FINANCING, ALTERNATIVE SOURCES OF FINANCING, AUDITING, AVAILABILITY OF CREDIT, BANK BRANCHES, BANK DEPOSIT, BANK FINANCING, BANK INVOLVEMENT, BANK LENDING, BANKING SERVICES, BANKING SYSTEM, BANKRUPTCY, BANKS, BORROWER, BORROWING, BUSINESS ACTIVITIES, BUSINESS ACTIVITY, BUSINESS CENTER, BUSINESS CENTERS, BUSINESS CREDIT, BUSINESS DEVELOPMENT, BUSINESS ENTERPRISE, BUSINESS PLAN, BUSINESS PLANS, BUSINESS STRATEGY, CAPITAL LOANS, CAPITAL MARKETS, CAPITAL STRUCTURE, CAPITALIZATION, CASH MANAGEMENT, CHAMBERS OF COMMERCE, COLLATERAL, COLLATERAL REQUIREMENTS, COMMERCIAL BANK, COMMERCIAL FINANCE, COMMERCIAL LOAN, COMMERCIAL LOANS, CONSUMER CREDIT, CONSUMER LENDING, CONTRIBUTION, CORPORATE BANKING, COUNTRY COMPARISONS, CREDIT APPLICATIONS, CREDIT BUREAU, CREDIT BUREAUS, CREDIT CARD, CREDIT CARDS, CREDIT GUARANTEES, CREDIT INFORMATION, CREDIT INSTITUTION, CREDIT INSTITUTIONS, CREDIT LINES, CREDIT MARKET, CREDIT PORTFOLIO, CREDIT PRODUCTS, CREDIT REPORTING, CREDIT REPORTS, CREDIT RISK, CREDIT RISK MANAGEMENT, CREDIT SCORING, CREDIT SCORING MODELS, CREDITOR, CREDITORS, CREDITS, CREDITWORTHINESS, DEBTS, DEPOSIT ACCOUNTS, DEPOSITOR, DEPOSITORS, DEPOSITS, DIVERSIFICATION, DOMESTIC CREDIT, ECONOMIC GROWTH, ELECTRONIC BANKING, EMPLOYMENT, ENTERPRISE ASSISTANCE, ENTREPRENEURIAL DEVELOPMENT, ENTREPRENEURIAL TRAINING, EXTERNAL FINANCE, FACE VALUE, FACTORING, FAMILY BUSINESSES, FINANCE COMPANIES, FINANCIAL ACCESS, FINANCIAL CONSTRAINTS, FINANCIAL ECONOMIST, FINANCIAL INFORMATION, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL INTERMEDIARIES, FINANCIAL INTERMEDIATION, FINANCIAL LEASING, FINANCIAL LITERACY, FINANCIAL MARKETS, FINANCIAL PENETRATION, FINANCIAL PERFORMANCE, FINANCIAL POLICY, FINANCIAL PROVIDERS, FINANCIAL RESOURCES, FINANCIAL SECTOR, FINANCIAL SECTOR POLICY, FINANCIAL SECTOR REGULATIONS, FINANCIAL STRUCTURE, FINANCIAL SYSTEM, FINANCIAL TRANSACTIONS, FINANCING OBSTACLES, FINANCING SOURCES, FOREIGN BANKS, FOREIGN CURRENCY, FOREIGN EXCHANGE, GOVERNMENT ASSISTANCE, HOUSEHOLDS, HOUSING, INFLATION, INFORMAL ECONOMY, INFORMATION GAP, INFORMATION TECHNOLOGY, INTEREST PAYMENTS, INTEREST RATE, INTEREST RATE CEILING, INTEREST RATE CEILINGS, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL BANKS, LABOR FORCE, LACK OF ACCESS, LARGE FIRMS, LEGAL FRAMEWORK, LEGISLATION, LENDER, LENDERS, LENDING DECISIONS, LIMITED ACCESS, LINES OF CREDIT, LIQUIDATION, LOAN, LOAN APPROVAL, LOAN DECISION, LOAN LOSS PROVISIONS, LOAN MARKET, LOAN PORTFOLIO, LOAN PROCESSING, LOAN PRODUCT, LOAN PRODUCTS, LOAN RECOVERY, LOAN SIZE, LONG-TERM BORROWING, LONG-TERM FUNDING, LOW-INCOME, MACROECONOMIC CONDITIONS, MACROECONOMIC PERFORMANCE, MACROECONOMIC STABILITY, MAJOR BANKS, MARKET SHARE, MARKET SHARES, MATURITIES, MICRO CREDIT, MICRO ENTERPRISE, MICRO ENTERPRISES, MICRO-ENTERPRISE, MICROCREDIT, MONETARY POLICY, MORTGAGES, MULTINATIONAL, NOW ACCOUNTS, OUTREACH, OVERDRAFT, OVERDUE DEBT, PARTIAL CREDIT, PAYMENT HISTORY, PAYMENT SERVICES, PRIVATE BANKS, PRIVATE CREDIT, PROBABILITY OF DEFAULT, PROFITABILITY, PROPERTY AS COLLATERAL, PUBLIC POLICY, QUESTIONNAIRE, QUESTIONNAIRES, REAL ESTATE, REGULATORY FRAMEWORK, RELIANCE ON COLLATERAL, REORGANIZATION, REPAYMENT, RESERVE REQUIREMENTS, RISK MANAGEMENT, SALARIES, SALES, SAVINGS ACCOUNT, SENIOR, SMALL BANKS, SMALL ENTERPRISE, SOCIAL SECURITY, SOCIAL SECURITY CONTRIBUTIONS, SOURCE OF INFORMATION, SPECIAL SAVINGS, STAKEHOLDER, STAKEHOLDERS, STOCKS, SUPPLY OF CREDIT, SUPPORT PROGRAMS, TAXATION, TECHNICAL ASSISTANCE, TRAINING PROGRAMS, TRANSACTION, TRANSACTION COSTS, TYPE OF LOAN, UNFAIR COMPETITION, WAREHOUSES, WORKING CAPITAL, WORTH