High rates: now is not the time to borrow according to experts | my finances
The FGA Guarantee Fund is an institutional guarantor for Colombians, which supported credit to 1.8 million people in 2022, in $6.7 trillion in new credits. David Bocanumet, president of the entity spoke with Portafolio on the paper that the fund includes in the financial institution and that by 2023 a growth of 28% was projected, reaching more than $8.6 trillion in supported loans. What is the FGA Guarantee Fund?They confuse us with the National Guarantee Fund (FNG). They are two independent entities. The FNG belongs to the Government and our shareholder and facilitates micro, small and medium-sized companies to obtain…
