GreenBox
AVAILABILITY OF CREDIT:
The availability of credit is essential to have a growth in the economy, specially for business and people to invest because there is a big percent of people that are willing to have a growth but they do not count with the disposable income to invest so the credits that the country has is crucial for having an active economy.
According to el Banco de la Republica there have been some changes throughout the past years for the availability of credits and even dough it as decreasing due to external forces like monetary policies and local money depreciation that the credits where being affected.
Crecimiento del a cartera de los establecimientos de crédito: 1
We can see how the behavior has been from the past years of the availability of credits. The fist part of the 2017 has lower in comparison with the last 2 months of the 2016. This can be because external forces or disposable income of families and business after expenses in the past year. The blue line shows credits for commercial aspects such us sales of loans to acquire new ones and the red line shows the exchange rates movements with other different money and not local money (COP)
Focusing more on business credits we can see that the “microcredito” is increasing and this tell us that Colombia is supporting the small business and entrepreneurs can develop their ideas and ask for loans to achieve it. In this case for us it is very important because we can be more confidence that the availability of credit is getting better. For consumers is higher and it is obviously because people tend to consume and get debts no matter if they don’t have the money because they credits are available.
In conclusion we can say that the availability credits are high even dough the debts are higher than $165.7 billion at the end of 2016.
file:///Users/nicolasamado/Desktop/bie.pdf
