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4.7

Colombia fintech chief: separating usury rates could unlock $11T in credit

Colombia Fintech president Gabriel Santos claims that 37% of the population remains trapped in informal 'gota a gota' lending due to high usury rates, and that separating the rate for consumer and ordinary credits could unlock nearly $11 trillion in formal credit. The claim is an advocacy estimate, not yet policy, and its market impact depends on regulatory action.

La Repúblicaabout 14 hours agoCOCredibility 38%View source

Score Breakdown

Mosaic Score4.7
Confidence0.3
Significance0.5
Source credibility0.4
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