Goodbye to 'gota a gota': Indebted Colombians will be able to access credit easily
Colombia faces a structural challenge in financial inclusion: nearly 12 million people remain outside the formal credit system, often forcing them to resort to 'gota gota' in various cities across the country with daily rates close to 1.9%.
TL;DR
- Colombia has a financial inclusion challenge, with 12 million people outside the formal credit system.
- Trego is a fintech offering a safe, fast, and accessible credit alternative to those rejected by traditional finance.
- The company receives 3,000 credit applications monthly, disbursing around 800 million pesos with an average ticket of 1.5 million pesos.
- Trego's model uses collateral, like laptops, to allow access to credit for individuals with scores below 500 points.
- Medellín and Antioquia are central to Trego's strategy, with expansion planned for Bogotá, Cali, and Barranquilla.
- Trego aims to place $5 million in credits and serve 500,000 people by 2026.
- The company has a digital platform for loan management and 24/7 customer service.
- 90% of Trego's customers are repeat users, indicating high loyalty.