Colombia : Bank Financing to Small- and Medium-Sized Enterprises (SMEs) in Colombia
Small-and Medium-Sized Enterprises (SMEs) represent an important part of the Colombian economy, although they are not well documented in official statistics. In particular, there does not exist sufficient periodic data as to their characteristics,...
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| Format: | Other Financial Sector Study |
| Language: | English en_US |
| Published: |
Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/12/8999496/colombia-bank-financing-small--medium-sized-enterprises-smes-colombia http://hdl.handle.net/10986/7654 |
| id |
okr-10986-7654 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ABSENCE OF CREDIT ACCEPTABLE COLLATERAL ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNTING ACCOUNTS RECEIVABLE AGRICULTURAL SECTOR ALTERNATIVE FINANCING ALTERNATIVE SOURCES OF FINANCING ASSESSMENT PROCESS AVAILABILITY OF CREDIT BALANCE SHEET 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 CALCULATION CAPITAL MARKETS CAPITAL STRUCTURE CASH FLOW CASH MANAGEMENT CHAMBERS OF COMMERCE COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL FINANCE COMMERCIAL LOAN CONSUMER CONSUMER CREDIT CONSUMER LENDING CONSUMER LOANS CONTRACT ENFORCEMENT CONTRIBUTION COUNTRY COMPARISONS CREDIT ANALYSIS CREDIT APPLICATIONS CREDIT BUREAU CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT GUARANTEES CREDIT INFORMATION CREDIT INSTITUTION CREDIT INSTITUTIONS CREDIT LINES CREDIT MARKET CREDIT MARKETS CREDIT PORTFOLIO CREDIT PRODUCTS CREDIT RATINGS CREDIT RECORDS CREDIT REPORTING CREDIT REPORTS CREDIT RISK CREDIT SCORING CREDIT SCORING MODELS CREDITOR CREDITORS CREDITS CREDITWORTHINESS CS CURRENT INTEREST RATE DEBTS DEPOSIT ACCOUNTS DEPOSITOR DEPOSITORS DEPOSITS DIVERSIFICATION DOMESTIC CREDIT DURABLE GOODS ECONOMIC GROWTH EMPLOYMENT ENTERPRISE ASSISTANCE ENTREPRENEURIAL DEVELOPMENT ENTREPRENEURIAL TRAINING EXTERNAL FINANCE FACTORING FAMILY BUSINESSES FINANCE COMPANIES FINANCIAL ACCESS FINANCIAL ANALYSIS FINANCIAL CONSTRAINTS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION 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 FOREIGN BANKS FOREIGN CURRENCY GOVERNMENT ASSISTANCE HOUSEHOLDS INDEBTEDNESS INFLATION INFORMAL ECONOMY INFORMATION GAP INFORMATION TECHNOLOGY INTEREST PAYMENTS INTEREST RATE INTEREST RATE CEILING INTEREST RATE CEILINGS INTEREST RATES INTERNATIONAL BANKS LABOR FORCE LACK OF ACCESS LARGE FIRMS LEGAL FRAMEWORK LEGISLATION LENDER LENDERS LIABILITY LIMITED ACCESS LINES OF CREDIT LOAN LOAN APPROVAL LOAN DECISION LOAN PORTFOLIO LOAN PROCESSING LOAN PRODUCT LOAN PRODUCTS LOAN RECOVERY LOAN SIZE LONG-TERM BORROWING LOW-INCOME MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MAJOR BANKS MARKET SHARES MATURITIES MICRO CREDIT MICRO ENTERPRISE MICRO ENTERPRISES MICRO-ENTERPRISE MICROCREDIT MONETARY POLICY MORTGAGES MULTINATIONAL OUTREACH OVERDRAFT OVERDUE DEBT PARTIAL CREDIT PAYMENT BEHAVIOR PAYMENT HISTORY PAYMENT SERVICES PRIVATE BANKS PRIVATE CREDIT PROBABILITY PROFITABILITY PROPERTY AS COLLATERAL PUBLIC POLICY QUESTIONNAIRE QUESTIONNAIRES REAL ESTATE RELIANCE ON COLLATERAL REPAYMENT RESERVE REQUIREMENTS RESPONSIBILITIES RISK ASSESSMENT RISK ASSESSMENTS RISK MANAGEMENT SALARIES SALE SALES SAVINGS ACCOUNT SMALL BANKS SMALL ENTERPRISE SMALL LOANS SMALLER FIRMS SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS SOCIAL SECURITY PAYMENT SOURCE OF INFORMATION SPECIAL SAVINGS STAKEHOLDER STAKEHOLDERS SUPPLY OF CREDIT SUPPORT PROGRAMS TAXATION TECHNICAL ASSISTANCE TRADITIONAL BANKING TRAINING PROGRAMS TRANSACTION TRANSACTION COSTS TYPE OF LOAN TYPES OF LOANS UNFAIR COMPETITION VALUABLE WAREHOUSES WORKING CAPITAL WORTH |
| spellingShingle |
ABSENCE OF CREDIT ACCEPTABLE COLLATERAL ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNTING ACCOUNTS RECEIVABLE AGRICULTURAL SECTOR ALTERNATIVE FINANCING ALTERNATIVE SOURCES OF FINANCING ASSESSMENT PROCESS AVAILABILITY OF CREDIT BALANCE SHEET 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 CALCULATION CAPITAL MARKETS CAPITAL STRUCTURE CASH FLOW CASH MANAGEMENT CHAMBERS OF COMMERCE COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL FINANCE COMMERCIAL LOAN CONSUMER CONSUMER CREDIT CONSUMER LENDING CONSUMER LOANS CONTRACT ENFORCEMENT CONTRIBUTION COUNTRY COMPARISONS CREDIT ANALYSIS CREDIT APPLICATIONS CREDIT BUREAU CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT GUARANTEES CREDIT INFORMATION CREDIT INSTITUTION CREDIT INSTITUTIONS CREDIT LINES CREDIT MARKET CREDIT MARKETS CREDIT PORTFOLIO CREDIT PRODUCTS CREDIT RATINGS CREDIT RECORDS CREDIT REPORTING CREDIT REPORTS CREDIT RISK CREDIT SCORING CREDIT SCORING MODELS CREDITOR CREDITORS CREDITS CREDITWORTHINESS CS CURRENT INTEREST RATE DEBTS DEPOSIT ACCOUNTS DEPOSITOR DEPOSITORS DEPOSITS DIVERSIFICATION DOMESTIC CREDIT DURABLE GOODS ECONOMIC GROWTH EMPLOYMENT ENTERPRISE ASSISTANCE ENTREPRENEURIAL DEVELOPMENT ENTREPRENEURIAL TRAINING EXTERNAL FINANCE FACTORING FAMILY BUSINESSES FINANCE COMPANIES FINANCIAL ACCESS FINANCIAL ANALYSIS FINANCIAL CONSTRAINTS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION 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 FOREIGN BANKS FOREIGN CURRENCY GOVERNMENT ASSISTANCE HOUSEHOLDS INDEBTEDNESS INFLATION INFORMAL ECONOMY INFORMATION GAP INFORMATION TECHNOLOGY INTEREST PAYMENTS INTEREST RATE INTEREST RATE CEILING INTEREST RATE CEILINGS INTEREST RATES INTERNATIONAL BANKS LABOR FORCE LACK OF ACCESS LARGE FIRMS LEGAL FRAMEWORK LEGISLATION LENDER LENDERS LIABILITY LIMITED ACCESS LINES OF CREDIT LOAN LOAN APPROVAL LOAN DECISION LOAN PORTFOLIO LOAN PROCESSING LOAN PRODUCT LOAN PRODUCTS LOAN RECOVERY LOAN SIZE LONG-TERM BORROWING LOW-INCOME MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MAJOR BANKS MARKET SHARES MATURITIES MICRO CREDIT MICRO ENTERPRISE MICRO ENTERPRISES MICRO-ENTERPRISE MICROCREDIT MONETARY POLICY MORTGAGES MULTINATIONAL OUTREACH OVERDRAFT OVERDUE DEBT PARTIAL CREDIT PAYMENT BEHAVIOR PAYMENT HISTORY PAYMENT SERVICES PRIVATE BANKS PRIVATE CREDIT PROBABILITY PROFITABILITY PROPERTY AS COLLATERAL PUBLIC POLICY QUESTIONNAIRE QUESTIONNAIRES REAL ESTATE RELIANCE ON COLLATERAL REPAYMENT RESERVE REQUIREMENTS RESPONSIBILITIES RISK ASSESSMENT RISK ASSESSMENTS RISK MANAGEMENT SALARIES SALE SALES SAVINGS ACCOUNT SMALL BANKS SMALL ENTERPRISE SMALL LOANS SMALLER FIRMS SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS SOCIAL SECURITY PAYMENT SOURCE OF INFORMATION SPECIAL SAVINGS STAKEHOLDER STAKEHOLDERS SUPPLY OF CREDIT SUPPORT PROGRAMS TAXATION TECHNICAL ASSISTANCE TRADITIONAL BANKING TRAINING PROGRAMS TRANSACTION TRANSACTION COSTS TYPE OF LOAN TYPES OF LOANS UNFAIR COMPETITION VALUABLE WAREHOUSES WORKING CAPITAL WORTH World Bank Colombia : Bank Financing to Small- and Medium-Sized Enterprises (SMEs) in Colombia |
| geographic_facet |
Latin America & Caribbean Colombia |
| description |
Small-and Medium-Sized Enterprises
(SMEs) represent an important part of the Colombian economy,
although they are not well documented in official
statistics. In particular, there does not exist sufficient
periodic data as to their characteristics, evolution, or
overall contribution to the economy - in most cases, SMEs
tend to be bundled together with micro enterprises in
official statistics. The true size of the market is
understated due to informality. Lack of access to finance
has been cited as an important problem in recent surveys.
However, there are significant differences in perceptions as
to the size and causes of the financing gap. While there is
strong evidence to support its existence following the 1999
crisis, the significant growth of this market in recent
years raises some questions as to whether such perceptions
remain valid. One of the lessons of the last few years is
that banks will expand SME lending on their own accord - in
spite of the presence of important constraints - when they
perceive the attractiveness of this market and have begun to
saturate easier (in terms of business model) market segments
such as corporate and consumer lending. However, in order to
ensure the sustainable growth of this market, continued
strong macroeconomic performance and a stable and consistent
policy framework in the financial sector have been
identified as important considerations. |
| format |
Economic & Sector Work :: Other Financial Sector Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Colombia : Bank Financing to Small- and Medium-Sized Enterprises (SMEs) in Colombia |
| title_short |
Colombia : Bank Financing to Small- and Medium-Sized Enterprises (SMEs) in Colombia |
| title_full |
Colombia : Bank Financing to Small- and Medium-Sized Enterprises (SMEs) in Colombia |
| title_fullStr |
Colombia : Bank Financing to Small- and Medium-Sized Enterprises (SMEs) in Colombia |
| title_full_unstemmed |
Colombia : Bank Financing to Small- and Medium-Sized Enterprises (SMEs) in Colombia |
| title_sort |
colombia : bank financing to small- and medium-sized enterprises (smes) in colombia |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/12/8999496/colombia-bank-financing-small--medium-sized-enterprises-smes-colombia http://hdl.handle.net/10986/7654 |
| _version_ |
1764404391993933824 |
| spelling |
okr-10986-76542021-04-23T14:02:38Z Colombia : Bank Financing to Small- and Medium-Sized Enterprises (SMEs) in Colombia World Bank ABSENCE OF CREDIT ACCEPTABLE COLLATERAL ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNTING ACCOUNTS RECEIVABLE AGRICULTURAL SECTOR ALTERNATIVE FINANCING ALTERNATIVE SOURCES OF FINANCING ASSESSMENT PROCESS AVAILABILITY OF CREDIT BALANCE SHEET 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 CALCULATION CAPITAL MARKETS CAPITAL STRUCTURE CASH FLOW CASH MANAGEMENT CHAMBERS OF COMMERCE COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANK COMMERCIAL FINANCE COMMERCIAL LOAN CONSUMER CONSUMER CREDIT CONSUMER LENDING CONSUMER LOANS CONTRACT ENFORCEMENT CONTRIBUTION COUNTRY COMPARISONS CREDIT ANALYSIS CREDIT APPLICATIONS CREDIT BUREAU CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT GUARANTEES CREDIT INFORMATION CREDIT INSTITUTION CREDIT INSTITUTIONS CREDIT LINES CREDIT MARKET CREDIT MARKETS CREDIT PORTFOLIO CREDIT PRODUCTS CREDIT RATINGS CREDIT RECORDS CREDIT REPORTING CREDIT REPORTS CREDIT RISK CREDIT SCORING CREDIT SCORING MODELS CREDITOR CREDITORS CREDITS CREDITWORTHINESS CS CURRENT INTEREST RATE DEBTS DEPOSIT ACCOUNTS DEPOSITOR DEPOSITORS DEPOSITS DIVERSIFICATION DOMESTIC CREDIT DURABLE GOODS ECONOMIC GROWTH EMPLOYMENT ENTERPRISE ASSISTANCE ENTREPRENEURIAL DEVELOPMENT ENTREPRENEURIAL TRAINING EXTERNAL FINANCE FACTORING FAMILY BUSINESSES FINANCE COMPANIES FINANCIAL ACCESS FINANCIAL ANALYSIS FINANCIAL CONSTRAINTS FINANCIAL INFORMATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION 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 FOREIGN BANKS FOREIGN CURRENCY GOVERNMENT ASSISTANCE HOUSEHOLDS INDEBTEDNESS INFLATION INFORMAL ECONOMY INFORMATION GAP INFORMATION TECHNOLOGY INTEREST PAYMENTS INTEREST RATE INTEREST RATE CEILING INTEREST RATE CEILINGS INTEREST RATES INTERNATIONAL BANKS LABOR FORCE LACK OF ACCESS LARGE FIRMS LEGAL FRAMEWORK LEGISLATION LENDER LENDERS LIABILITY LIMITED ACCESS LINES OF CREDIT LOAN LOAN APPROVAL LOAN DECISION LOAN PORTFOLIO LOAN PROCESSING LOAN PRODUCT LOAN PRODUCTS LOAN RECOVERY LOAN SIZE LONG-TERM BORROWING LOW-INCOME MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MAJOR BANKS MARKET SHARES MATURITIES MICRO CREDIT MICRO ENTERPRISE MICRO ENTERPRISES MICRO-ENTERPRISE MICROCREDIT MONETARY POLICY MORTGAGES MULTINATIONAL OUTREACH OVERDRAFT OVERDUE DEBT PARTIAL CREDIT PAYMENT BEHAVIOR PAYMENT HISTORY PAYMENT SERVICES PRIVATE BANKS PRIVATE CREDIT PROBABILITY PROFITABILITY PROPERTY AS COLLATERAL PUBLIC POLICY QUESTIONNAIRE QUESTIONNAIRES REAL ESTATE RELIANCE ON COLLATERAL REPAYMENT RESERVE REQUIREMENTS RESPONSIBILITIES RISK ASSESSMENT RISK ASSESSMENTS RISK MANAGEMENT SALARIES SALE SALES SAVINGS ACCOUNT SMALL BANKS SMALL ENTERPRISE SMALL LOANS SMALLER FIRMS SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS SOCIAL SECURITY PAYMENT SOURCE OF INFORMATION SPECIAL SAVINGS STAKEHOLDER STAKEHOLDERS SUPPLY OF CREDIT SUPPORT PROGRAMS TAXATION TECHNICAL ASSISTANCE TRADITIONAL BANKING TRAINING PROGRAMS TRANSACTION TRANSACTION COSTS TYPE OF LOAN TYPES OF LOANS UNFAIR COMPETITION VALUABLE WAREHOUSES WORKING CAPITAL WORTH Small-and Medium-Sized Enterprises (SMEs) represent an important part of the Colombian economy, although they are not well documented in official statistics. In particular, there does not exist sufficient periodic data as to their characteristics, evolution, or overall contribution to the economy - in most cases, SMEs tend to be bundled together with micro enterprises in official statistics. The true size of the market is understated due to informality. Lack of access to finance has been cited as an important problem in recent surveys. However, there are significant differences in perceptions as to the size and causes of the financing gap. While there is strong evidence to support its existence following the 1999 crisis, the significant growth of this market in recent years raises some questions as to whether such perceptions remain valid. One of the lessons of the last few years is that banks will expand SME lending on their own accord - in spite of the presence of important constraints - when they perceive the attractiveness of this market and have begun to saturate easier (in terms of business model) market segments such as corporate and consumer lending. However, in order to ensure the sustainable growth of this market, continued strong macroeconomic performance and a stable and consistent policy framework in the financial sector have been identified as important considerations. 2012-06-11T15:33:57Z 2012-06-11T15:33:57Z 2007-12 http://documents.worldbank.org/curated/en/2007/12/8999496/colombia-bank-financing-small--medium-sized-enterprises-smes-colombia http://hdl.handle.net/10986/7654 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work Latin America & Caribbean Colombia |