Did the winter wave affect your business? Find out about financial aid to prevent your company from closing
Córdoba, one of the departments most affected by the harsh winter. Photo: Courtesy/ Ombudsman's Office
TL;DR
- Small and medium-sized businesses in eight departments affected by the 2026 winter wave can access special preferential credit.
- The Emergency Credit Program, regulated by the Ministry of Finance, aims to provide immediate liquidity and support productive recovery.
- Beneficiaries must be individuals or legal entities in Córdoba, Antioquia, La Guajira, Sucre, Bolívar, Cesar, Magdalena, and Chocó, demonstrating damage from the hydrometeorological event.
- The program offers zero-interest loans (compensated interest rate) financed by the Ministry of Finance, usable for working capital, investment, or debt substitution.
- Maximum loan amount is 120 minimum monthly legal wages, with a repayment period of up to 36 months, including grace periods and monthly installments.
- The program includes 90% coverage guarantees from the National Guarantee Fund to reduce risk for financial institutions.
- The initiative targets 328 municipalities declared in a state of Economic, Social, and Ecological Emergency, focusing on those with high structural vulnerability.
- The goal is to prevent business closures, maintain supply chains, and preserve employment in regions heavily impacted by the winter wave.