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Future Scholarships Strengthen Afro-Colombian Businesses
Summary by Nación Paisa
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Lack of access to the financial system remains one of the main challenges for Afro-Colombian entrepreneurs. According to research by the Inter-American Development Bank (IDB) on inclusive financing, businesses led by ethnic minorities or Afro-Colombian women are up to 18% less likely to obtain bank loans, even when their financial conditions are similar to those of other applicants. This reality is compounded by the difficulty of expanding into …
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