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.
Funding sources explored during the COVID-19 pandemic by small and medium-size enterprises (SMEs) in Colombia in May 2020
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Sempli. (June 5, 2020). Funding sources explored during the COVID-19 pandemic by small and medium-size enterprises (SMEs) in Colombia in May 2020 [Graph]. In Statista. Retrieved November 15, 2024, from https://www.statista.com/statistics/1189740/colombia-founding-sources-sme-covid/
Sempli. "Funding sources explored during the COVID-19 pandemic by small and medium-size enterprises (SMEs) in Colombia in May 2020." Chart. June 5, 2020. Statista. Accessed November 15, 2024. https://www.statista.com/statistics/1189740/colombia-founding-sources-sme-covid/
Sempli. (2020). Funding sources explored during the COVID-19 pandemic by small and medium-size enterprises (SMEs) in Colombia in May 2020. Statista. Statista Inc.. Accessed: November 15, 2024. https://www.statista.com/statistics/1189740/colombia-founding-sources-sme-covid/
Sempli. "Funding Sources Explored during The Covid-19 Pandemic by Small and Medium-size Enterprises (Smes) in Colombia in May 2020." Statista, Statista Inc., 5 Jun 2020, https://www.statista.com/statistics/1189740/colombia-founding-sources-sme-covid/
Sempli, Funding sources explored during the COVID-19 pandemic by small and medium-size enterprises (SMEs) in Colombia in May 2020 Statista, https://www.statista.com/statistics/1189740/colombia-founding-sources-sme-covid/ (last visited November 15, 2024)
Funding sources explored during the COVID-19 pandemic by small and medium-size enterprises (SMEs) in Colombia in May 2020 [Graph], Sempli, June 5, 2020. [Online]. Available: https://www.statista.com/statistics/1189740/colombia-founding-sources-sme-covid/