To support the country’s micro, small and medium-sized business segment, the Ministry of Commerce, Industry and Tourism launched a credit portfolio through Bancóldex, made up of four lines of credit that total more than $320,000 million.
These are the lines: Competitive MSMEs; Internationalization for Productivity; Sostenible Adelante and Mujeres Empresarias, which have credit quotas to promote the modernization of production processes, the adoption of sustainable practices, the internationalization of MSMEs, and the financial inclusion and growth of companies led by women.
All of these will have, according to MinComercio, a 50% guarantee with the support of the National Guarantee Fund, favorable interest rate conditions, adequate terms and grace periods.
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“With these financing resources, we want the country’s MSMEs to access resources so that they can be more productive, finance their energy transition processes, be more sustainable and meet quality standards that allow them to access new markets,” commented Germán Umaña Mendoza. , the Minister of Commerce.
In this regard, Javier Díaz Fajardo, president of Bancóldex, added that “with this credit portfolio, the Business Development Bank of Colombia reaffirms its commitment to this business segment, responsible for more than 80% of employment, in addition to providing deliberate support to companies. led by women. “We continue working hand in hand with the National Government and the Ministry of Commerce to give that boost that the country’s MSMEs need.”
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These are the main characteristics of each of them.
Competitive MSMEs Line
This line of credit has resources of approximately $158,000 million, so that entrepreneurs can access resources of up to $2,000 million, depending on the size of the company.
Thus, MSMEs will be able to invest in their modernization, to increase their productivity, and will have terms of between 2 and up to 7 years, with grace periods of up to 12 months.
Internationalization Line for Productivity
This has approximately $76,000 million and will finance the internationalization and positioning plans of the exportable offer. Interested companies have the possibility of accessing credit for up to $700 million.
It has terms of up to 5 years, depending on its size, with grace periods of up to 12 months. The resources can be invested in working capital, or can be used to purchase inputs or pay payroll, or in modernization projects that contribute to a specific exportable project.
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Sustainable Line Forward
The resources of this line total $60,000 million, and with them, the country’s MSMEs will be able to finance their investments in modernization that seek a positive environmental impact.
Interested companies will be able to access credits for up to $1,000 million, depending on their size. Terms range from 3 to 5 years, with grace periods of up to 6 months.
Thus, they will be able to finance projects related to the circular economy, bioeconomy, adaptation and mitigation of climate change and energy transition.
Business Women Line
With this line, which totals $30,000 million, companies led by women will be able to access credits of up to $500 million, with a term of 3 years and grace periods ranging from 3 to 6 months.
These resources will be able to cover their liquidity and investment needs to close gender gaps.
For more information, interested parties can consult the page https://www.bancoldex.com/.
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