Colombia govt, cooperatives sign pact to counter 'gota a gota' lending

Colombia's national government and cooperatives sector unions signed an agreement to expand financing alternatives, leveraging cooperatives' regional presence to counter 'gota a gota' (informal high-interest lending). The pact signals a policy push to formalize credit access, though implementation details and impact remain unclear.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works