Democratization of Credit in Colombia: The Influence of Fintech
In 2024, approximately 37 million adults in Colombia, accounting for 96 % of the adult population, held at least one financial product, while active usage reached 79 %.
Banco Interamericano de Desarrollo
Fund · 2 documents
Key number
96 %
Adults with at least one financial product in Colombia (2024). Repositorio Institucional Universidad El Bosque p.11
Key number
87%
Adults with a formal financial product. Repositorio Institucional Universidad El Bosque p.4
Democratización del crédito en Colombia: análisis del papel de las Fintech
More than 87% of adults in Colombia held at least one formal financial product according to national financial inclusion reporting.