Colombia: funding sources of SMEs during COVID-19 2020
According to a survey carried out in Colombia between April and May 2020, approximately half of the small and medium-size enterpises interviewed were considering bank debt as a funding source during the COVID-19 pandemic. Meanwhile, 21 percent of companies were exploring debt with other formal sources, such as fintech. As of November 2020, Colombia ranked third in number of COVID-19 cases among Latin American countries.
