Bank Financing to Small and Medium-Sized Enterprises (SMEs) in Colombia

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 ca...

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Bibliographic Details
Main Authors:	Stephanou, Constantinos, Rodriguez, Camila
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	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
Online Access:	http://documents.worldbank.org/curated/en/2008/01/8956897/bank-financing-small-medium-sized-enterprises-smes-colombia http://hdl.handle.net/10986/6486