digital lending in Colombia

https://brightquillio.com/s/LhytT_eEXvDG3j9LcQOe_

Digital lending in Colombia has quietly shifted how people access credit, especially for those without formal banking history. Fintech apps now offer quick microloans for gig workers, small shop owners, or anyone needing cash before payday. Approval relies on alternative data—like phone bills or payment history—instead of traditional credit scores. While rates can be steep, the convenience beats waiting in line at a bank. Still, regulators are scrambling to keep up, and borrowers must watch for…