The Credicorp Group company, Mibanco, launched the ‘Volver a Creer’ credit‘ for people who were going through moments of crisis. And it is an offer for those who have entered into default with the payment of their credits.
The goal of the product is that people “can re-enter the financial system, becoming a tool to combat the ‘drop by drop'”.
(See: Comptroller detects irregularities in transfers of Icetex credits).
For the financial entity, this bet is to reduce informal credits that can endanger those who opt for these options.
About, Manuel Bustamante, Deputy General Manager of Mibanco in Colombiaemphasizes that: “Being outside the financial system can become a real headache and lead people to request informal loans, which can put their integrity at risk“.
The company defines ‘Believe again’ as a second opportunity in which it will also have “constant advice, a specialized program in financial education that must be approved to receive the disbursement of the requested value and support in preventive and empathetic collection.”
(See: Banco Agrario and Yara create agricultural credit quota).
According to Mibanco, the initiative was born with the expectation about what “clients have the necessary tools to remain in the financial system in a responsible manner“.
About, Bustamante pointed out that: “Financial inclusion is not limited solely to generating access to the financial system, it must go further and ensure the permanence of people within it. For this reason, at Mibanco we developed the ‘Volver a Creer’ program, an effort that adds to the work we have been doing in financial education so that thousands of people continue to trust the system”.
The company has the goal of linking to the program more than 1,100 clients in Bogotá and other neighboring municipalities.
Additionally, they seek that in the future more people have access to credit in other regions of the country.
Credit characteristics
If you are interested in accessing the Mibanco offer, we will tell you about some main characteristics:
– The credit has a maximum term of 6 months.
– Interested parties can request up to $1.4 million pesos.
– The product is accompanied by a Financial Education modulewhich is a requirement to start the program.
– It has the social worker servicewho accompany you throughout the process so that clients improve their relationship with the system, while acquiring tools and financial knowledge.
(See: Employment and credits boost Bucaramanga’s economy).
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