Rural Microfinance in Colombia and Financialization Process: A Case Study
The deregulated growth of microfinance represents a threat to the sustainability and fulfillment of its mission. This paper aims to analyze the development of rural microfinance in Colombia, going beyond the study of financial inclusion. With this purpose, a qualitative research method is applied to...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2021
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/11466 |
| _version_ | 1801705964666093568 |
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| author | Ramírez-Virviescas, Natalia Guevara, Diego Alejandro |
| author_facet | Ramírez-Virviescas, Natalia Guevara, Diego Alejandro |
| author_sort | Ramírez-Virviescas, Natalia |
| collection | OJS |
| description | The deregulated growth of microfinance represents a threat to the sustainability and fulfillment of its mission. This paper aims to analyze the development of rural microfinance in Colombia, going beyond the study of financial inclusion. With this purpose, a qualitative research method is applied together with the review of financial indexes related to the offer of microcredits to the Colombian rural sector. In addition to the national study, Survey on the use of microfinance products and services in rural areas 2018 was carried out and analyzed for deepening in the local and regional perception of microfinance services in seven municipalities belonging to the categories 4, 5 and 6 of Boyacá and Santander states. Throughout this analysis, it is evidenced that rural microfinance is not per se a solution for poverty, but it is consolidated as an instrument through which the productive initiatives of the Colombian countryside could be viable and sustainable, which is why they serve as a complementary tool of rural development policies. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-11466 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2021 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-114662023-04-10T14:35:11Z Rural Microfinance in Colombia and Financialization Process: A Case Study Las microfinanzas rurales en Colombia y el proceso de financiarización: un estudio de caso Ramírez-Virviescas, Natalia Guevara, Diego Alejandro microfinance rural poverty financialization rural population financial inclusion agricultural economics agricultural develop agricultural policy Colombia microfinanzas financiarización pobreza rural población rural inclusión financiera economía agraria Desarrollo agrícola política agraria Colombia The deregulated growth of microfinance represents a threat to the sustainability and fulfillment of its mission. This paper aims to analyze the development of rural microfinance in Colombia, going beyond the study of financial inclusion. With this purpose, a qualitative research method is applied together with the review of financial indexes related to the offer of microcredits to the Colombian rural sector. In addition to the national study, Survey on the use of microfinance products and services in rural areas 2018 was carried out and analyzed for deepening in the local and regional perception of microfinance services in seven municipalities belonging to the categories 4, 5 and 6 of Boyacá and Santander states. Throughout this analysis, it is evidenced that rural microfinance is not per se a solution for poverty, but it is consolidated as an instrument through which the productive initiatives of the Colombian countryside could be viable and sustainable, which is why they serve as a complementary tool of rural development policies. El crecimiento desregulado de las microfinanzas representa una amenaza para la sostenibilidad y materialización de su misión. El presente artículo busca ahondar en el desarrollo de las microfinanzas rurales en Colombia, yendo más allá del análisis de inclusión financiera. Con este propósito, se aplica el método de investigación cualitativo, que se integra con la revisión de los índices financieros relacionados con la oferta de microcrédito al sector rural colombiano. De manera complementaria al estudio de alcance nacional, se realiza y analiza la Encuesta sobre uso de productos y servicios microfinancieros en zonas rurales 2018, con el fin de profundizar en la percepción local y regional sobre los servicios microfinancieros en siete municipios pertenecientes a las categorías 4, 5 y 6 de los departamentos de Boyacá y Santander. Tal análisis permite evidenciar que las microfinanzas rurales no son per se una solución para la pobreza, pero sí se consolidan como un instrumento a partir del cual se viabilizan y se hacen sostenibles las iniciativas productivas del campo colombiano, por lo cual sirven como herramienta complementaria a las políticas para el desarrollo rural. Universidad Pedagógica y Tecnológica de Colombia 2021-03-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article Texto application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/11466 10.19053/01203053.v40.n71.2021.11466 Apuntes del Cenes; Vol. 40 No. 71 (2021); 219-252 Apuntes del Cenes; Vol. 40 Núm. 71 (2021); 219-252 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/11466/10569 https://revistas.uptc.edu.co/index.php/cenes/article/view/11466/11568 Copyright (c) 2021 Natalia Ramírez-Virviescas, Diego Alejandro Guevara http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | microfinance rural poverty financialization rural population financial inclusion agricultural economics agricultural develop agricultural policy Colombia microfinanzas financiarización pobreza rural población rural inclusión financiera economía agraria Desarrollo agrícola política agraria Colombia Ramírez-Virviescas, Natalia Guevara, Diego Alejandro Rural Microfinance in Colombia and Financialization Process: A Case Study |
| title | Rural Microfinance in Colombia and Financialization Process: A Case Study |
| title_alt | Las microfinanzas rurales en Colombia y el proceso de financiarización: un estudio de caso |
| title_full | Rural Microfinance in Colombia and Financialization Process: A Case Study |
| title_fullStr | Rural Microfinance in Colombia and Financialization Process: A Case Study |
| title_full_unstemmed | Rural Microfinance in Colombia and Financialization Process: A Case Study |
| title_short | Rural Microfinance in Colombia and Financialization Process: A Case Study |
| title_sort | rural microfinance in colombia and financialization process a case study |
| topic | microfinance rural poverty financialization rural population financial inclusion agricultural economics agricultural develop agricultural policy Colombia microfinanzas financiarización pobreza rural población rural inclusión financiera economía agraria Desarrollo agrícola política agraria Colombia |
| topic_facet | microfinance rural poverty financialization rural population financial inclusion agricultural economics agricultural develop agricultural policy Colombia microfinanzas financiarización pobreza rural población rural inclusión financiera economía agraria Desarrollo agrícola política agraria Colombia |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/11466 |
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