Lately, small and medium-sized companies (SMEs) represent 91.8% of businesses in Colombia and generate 80% of formal jobs. Confecámaras issues out that, by means of 2023, the choice of small firms totaled 106,120 (6.1%) and medium-sized firms have been 27,238 (1.6%). When put next, microenterprises have been 91.8% of the entire firms within the nation, with greater than 1,590,000, and massive firms represented best 0.5%, with 8,175.
Within the first part of 2024, the Confecámaras “Dynamics of commercial advent” file reported the advent of 174,937 firms. Even if the formalization of companies by means of herbal individuals diminished by means of 2.7%, firms skilled a expansion of seven.1%, with microenterprises being probably the most consultant of this section.
In the course of a difficult financial surroundings, banks and financing entities should play a proactive position in figuring out and addressing the monetary wishes of SMEs, making sure that they’ve the essential sources to conquer hindrances and adapt to marketplace adjustments. This now not best advantages the corporations, but additionally contributes to the whole financial building of the rustic.
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