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Funding sources explored during the COVID-19 pandemic by small and medium-size enterprises (SMEs) in Colombia in May 2020

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Source

Release date

June 2020

Region

Colombia

Survey time period

April 27 to May 4, 2020

Number of respondents

334 SMEs

Special properties

founding sources considered in the last 30 days

Method of interview

Online survey

Citation formats

Colombia: funding sources of SMEs during COVID-19 2020

Published by ÌÇÐÄÆƽâ°æ Research Department, Dec 4, 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, ** 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.
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