Women outperform men by 6.6 points in opening loans

Since 2006 the women They have been gaining participation in credit operations and in 2021 the difference compared to men was 6.6 percentage points in favor of them, says a study by Data Credit Experian and the Presidential Council for Women’s Equity.

(See: This is the first state policy for gender equity).

The study ‘The inclusion of women in access to credit’ exposes the credit situation between 2019 and 2021, and according to Natalia Tovar, legal vice president of Experian Spanish Latam, with respect to credit openings, During the year 2021, women reached 53.5%, with a slight increase compared to 2020 when it was 53.1%.

When analyzing participation by age and sex, it is concluded that women are in the first place up to 65 years, reaching the highest point in the range of 46 to 55 years, “by 2021, the research allows us to observe that the evolution goes from 50.5% for 18-21 years to 55.2% for the group of 46 to 55 years, that is, participation grows as age increases”, explained Gheidy Gallo, Presidential Advisor for Women’s Equity.

(See: Women have created 70,318 companies during 2022).

At the regional level, it is observed that the most significant difference between men and women occurred in the west of the country (coffee region and Antioquia, areas in which, by 2021, women obtained 56.2% and men 43.8%. Cundinamarca was where participation, for both sexes, was closest with 50.7% for women and 49.3% for men.

When analyzing the main products that make up the sector, women predominate in participation in the portfolio of laboratories with 92.7% and 80.7% mainly due to the need to finance catalog sales.

(See: The reasons why they offer to freeze eggs as a job benefit).

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