Publication:
Expanding Opportunities for Rural Finance in Colombia

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dc.contributor.authorGutierrez, Eva
dc.contributor.authorReddy, Rekha
dc.date.accessioned2016-02-25T23:23:57Z
dc.date.available2016-02-25T23:23:57Z
dc.date.issued2015-12
dc.description.abstractThe purpose of this note is to provide policy recommendations to improve access to credit of rural populations and small agricultural producers under financially sustainable schemes. Although the agricultural sector remains an important source of employment, agricultural credit is a small fraction of commercial credit in Colombia. The share of agricultural credit in Colombia is below levels observed in other countries in the region. Colombian commercial banks have limited credit volume in rural areas, concentrating their lending activities on more profitable urban populations. General deposit warehouses and the agricultural commodity exchange (Bolsa Mercantil de Colombia (BMC)) provide funding for agricultural activities, but they are underdeveloped compared to regional peers and serve medium and large size producers. Overall use of mobile- and internet-based payment financial products remains low in rural Colombia. According to 2014 Findex survey data, just two percent of adults report using mobile banking, defined as a mobile platform for making transactions from an account at a financial institution. Public credit guarantee system (FAG) coverage should be modified to incentive the use of mobile guarantees and agricultural insurance. This will ensure that financial institutions have only covered tail risks, providing incentives to use mobile guarantees.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/01/25835297/expanding-opportunities-rural-finance-colombia
dc.identifier.doi10.1596/23766
dc.identifier.urihttps://hdl.handle.net/10986/23766
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectMONEY LENDERS
dc.subjectLINE OF CREDIT
dc.subjectDEPOSIT
dc.subjectFINANCIAL SERVICES
dc.subjectBORROWER
dc.subjectWAREHOUSE
dc.subjectDEPOSITS
dc.subjectRURAL CLIENTS
dc.subjectPEOPLE
dc.subjectAGRICULTURAL DEVELOPMENT BANK
dc.subjectSMALL BANKS
dc.subjectAGRICULTURAL CREDIT
dc.subjectRURAL BORROWERS
dc.subjectFINANCING
dc.subjectMINIMUM WAGE
dc.subjectFARMER
dc.subjectINTEREST
dc.subjectCOMMODITY EXCHANGE
dc.subjectGUARANTEES
dc.subjectFINANCE COMPANIES
dc.subjectSAVINGS ACCOUNTS
dc.subjectINTEREST RATE
dc.subjectPROPERTY RIGHTS
dc.subjectBANKING SYSTEM
dc.subjectDEBT MANAGEMENT
dc.subjectFINANCIAL PROVIDERS
dc.subjectRURAL CREDIT
dc.subjectCREDIT COOPERATIVES
dc.subjectLENDING PORTFOLIO
dc.subjectLOAN
dc.subjectCREDITWORTHINESS
dc.subjectBORROWERS
dc.subjectSUBSIDY
dc.subjectPAYMENTS
dc.subjectCREDIT PORTFOLIO
dc.subjectSAVING
dc.subjectINFORMATION SYSTEMS
dc.subjectINTERNATIONAL BANK
dc.subjectDEVELOPMENT FINANCE INSTITUTION
dc.subjectLENDER
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectCREDIT UNDERWRITING
dc.subjectPRIVATE FINANCIAL INSTITUTIONS
dc.subjectFUNDING SOURCES
dc.subjectPUBLIC CREDIT
dc.subjectECONOMIC ACTIVITY
dc.subjectADMINISTRATIVE REFORMS
dc.subjectCREDITS
dc.subjectSAVINGS
dc.subjectMORTGAGES
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectTECHNICAL ASSISTANCE
dc.subjectPUBLIC-PRIVATE PARTNERSHIP
dc.subjectFINANCIAL INSTITUTION
dc.subjectMORAL HAZARD
dc.subjectPARTIAL CREDIT
dc.subjectACCESS TO FORMAL CREDIT
dc.subjectCONSUMER CREDIT
dc.subjectLOAN PRODUCTS
dc.subjectUNION
dc.subjectPUBLIC FUNDS
dc.subjectUSURY
dc.subjectECONOMIC COOPERATION
dc.subjectBANK OFFICES
dc.subjectINTEREST RATES
dc.subjectDEPOSIT ACCOUNTS
dc.subjectPAYMENT
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectSOCIAL COMMITMENT
dc.subjectCAPITAL MARKET
dc.subjectDEBT
dc.subjectFISCAL RESOURCES
dc.subjectRECEIPTS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectDEPOSIT INSURANCE
dc.subjectFINANCIAL PRODUCTS
dc.subjectLENDERS
dc.subjectLAND OWNERSHIP
dc.subjectRURAL COOPERATIVE BANK
dc.subjectLOANS
dc.subjectENTERPRISES
dc.subjectFARMERS
dc.subjectELECTRONIC PAYMENTS
dc.subjectBANK CREDIT
dc.subjectAGRICULTURAL BANK
dc.subjectFINANCIAL SYSTEM
dc.subjectREAL ESTATE
dc.subjectFINANCE
dc.subjectLIMITED CREDIT HISTORY
dc.subjectBANKS
dc.subjectGOVERNMENT SECURITIES
dc.subjectGRANT
dc.subjectEQUITY
dc.subjectRURAL FINANCE
dc.subjectFORMAL FINANCIAL INSTITUTION
dc.subjectCREDIT ENHANCEMENTS
dc.subjectMOVABLE COLLATERAL
dc.subjectCAPITAL
dc.subjectSMALL ENTERPRISES
dc.subjectPUBLIC FUND
dc.subjectACCESS TO FINANCE
dc.subjectSUPPLY OF CREDIT
dc.subjectDEVELOPMENT BANKS
dc.subjectBANK
dc.subjectTITLE REGISTRATION
dc.subjectCREDIT
dc.subjectURBAN AREAS
dc.subjectAGRICULTURAL SECTOR
dc.subjectFINANCIAL EDUCATION
dc.subjectREPAYMENT
dc.subjectCREDIT HISTORIES
dc.subjectPROPERTY
dc.subjectLOAN PORTFOLIO
dc.subjectINSURANCE PREMIUM
dc.subjectTRANSACTION COSTS
dc.subjectGUARANTEE SCHEME
dc.subjectCREDIT GUARANTEE
dc.subjectAGRICULTURAL ACTIVITIES
dc.subjectCREDIT POLICIES
dc.subjectAGRICULTURAL DEVELOPMENT BANKS
dc.subjectCREDIT UNION
dc.subjectSECURITIES
dc.subjectGUARANTEE SCHEMES
dc.subjectSOLVENCY
dc.subjectCOOPERATIVE BANK
dc.subjectMICROCREDIT
dc.subjectACCREDITATION
dc.subjectUNREGULATED FINANCIAL INSTITUTIONS
dc.subjectPROFITABILITY
dc.subjectCREDIT RISK
dc.subjectACCESS TO CREDIT
dc.subjectMICROFINANCE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectINTERESTS
dc.subjectBANK LOAN
dc.subjectINTEREST RATE CEILINGS
dc.subjectSECURITY
dc.subjectECONOMIES OF SCALE
dc.subjectINVESTMENT
dc.subjectCREDIT GUARANTEES
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectCOMMERCIAL BANKS
dc.subjectHOUSEHOLDS
dc.subjectPAYMENT SERVICES
dc.subjectCOLLATERAL
dc.subjectCAPITAL REQUIREMENT
dc.subjectCOOPERATION
dc.subjectRURAL FINANCING
dc.subjectEMPLOYEE
dc.subjectPRIVATE INVESTORS
dc.subjectCOOPERATIVES
dc.subjectDEVELOPMENT FINANCE
dc.subjectEARNINGS
dc.subjectWAREHOUSES
dc.subjectINVESTMENTS
dc.subjectBORROWING
dc.subjectFINANCIAL SUPPORT
dc.subjectRISK MANAGEMENT
dc.subjectAGRICULTURAL FINANCE
dc.subjectFINANCIAL KNOWLEDGE
dc.subjectACCESS POINTS
dc.subjectCOLLATERAL REFORM
dc.subjectFEES
dc.subjectREGISTRATION SYSTEMS
dc.subjectPUBLIC BANKS
dc.subjectOUTREACH
dc.subjectFIXED COST
dc.subjectBANK BRANCHES
dc.subjectPUBLIC BANK
dc.subjectCREDIT HISTORY
dc.subjectFORMAL CREDIT
dc.subjectCOOPERATIVE
dc.subjectGUARANTEE
dc.subjectDEVELOPMENT BANK
dc.subjectREAL PROPERTY
dc.subjectRISK MITIGATION
dc.subjectCREDIT INITIATIVES
dc.subjectDEPOSITOR
dc.subjectFISCAL LOSSES
dc.subjectINEQUALITY
dc.subjectCREDIT ASSOCIATIONS
dc.titleExpanding Opportunities for Rural Finance in Colombiaen
dc.title.alternativeMayores oportunidades de financiamiento rural en Colombiaen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2016-01-27
okr.date.doiregistration2025-05-07T09:40:24.430621Z
okr.doctypeEconomic & Sector Work::Policy Note
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2016/01/25835297/expanding-opportunities-rural-finance-colombia
okr.guid102471467999687402
okr.guid215661468032667578
okr.guid770791468195847898
okr.identifier.externaldocumentum090224b084104e5d_1_0
okr.identifier.internaldocumentum25835297
okr.identifier.reportAUS10747
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/01/27/090224b084104e5d/1_0/Rendered/PDF/Expanding0oppo00finance0in0Colombia.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryColombia
okr.sectorFinance :: SME Finance
okr.sectorFinance :: Microfinance
okr.themeFinancial and private sector development :: Micro, Small and Medium Enterprise support
okr.themeRural development :: Rural markets
okr.themeRural development :: Rural services and infrastructure
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Rural Finance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitF&M GP LCR - IFC (GFM04)
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