Juancho Te Presta Has Disbursed Around $52,000 Million in 28,000 loans

The fintech company Juancho Te Presta assured that the four that it has been in operation have disbursed more than 28,000 loans and around $52,000 million aimed, mainly, at people who were excluded from the traditional banking system and Colombian entrepreneurs who require a loan.

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Juancho Te Presta will disburse $20,000 million in 2023 to strengthen the economy

Juancho Te Presta achieved 20% growth in revenue during 2023 and more than 25,000 clients. Of the total fintech disbursements, 11% use these resources for their microbusiness and 12% for the health sector.

“Its focus on inclusion has led to the implementation of specific programs aimed at expanding access to credit, with a particular impact on a key group: women,” the entity said in a statement.

Of the total fintech clients, around 60% are women and 18% are mothers who head households. The inclusion of this demographic group has had a significant impact on women’s participation in key economic activities.

“Juancho was born with the mission of closing the financial gap and providing equitable access to credit services. Many people, due to their financial history or lack thereof, face constant rejections by the traditional banking system. Now, through The financial solutions that we have developed give these people the opportunity to realize their dreams, whether it is starting a small business, purchasing a home or financing their education,” said Juan Esteban Saldarriaga, founder and CEO of the fintech.

Women, the main beneficiaries of credit to the popular agricultural economy

Likewise, it points out that last year they made more than 7,000 positive reports per month to the risk centers, contributing to their clients having better opportunities to access financial products.

This fintech operates in 729 municipalities in Colombia and registered greater demand in loan applications during 2023 in Cundinamarca, Antioquía, Eje Cafetero and Barranquilla , with a significant increase in November.RELATED ARTICLE

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The entity explains that the increase in the granting of loans is due to the attraction of a specific audience in the Prime and Near Prime categories, where it is projected to reach 90,000 credits by 2028.

“Currently, more than 10% of our clients have a second loan with us, we know how important a loan can be for the transformation of a family or the growth of a business. For this reason, we hope to continue helping thousands of Colombians next year, we plan to disburse more than 25,000 loans for more than $50,000 million in 2024. We are determined to be agents of change in the financial industry, facilitating a path towards inclusion and prosperity for all. Our purpose is to generate opportunities for progress through access to financial services,” added Saldarriaga.

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(Featured image by Daniel Thomas via Unsplash)

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First published in LR LA REPUBLICA. A third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the originals will prevail.

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