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Bayport is an important player in Colombia's "Libranzas" or payroll lending space.

Bayport has a market share of 30% in the non-bank payroll loan sector in Colombia, with a current portfolio exceeding COP $1.3 trillion.

Libranzas are loans offered through employers and paid off through payroll deductions.

Bayport says it has made credit placements for a value of more than $110 billion pesos, thus achieving significant portfolio growth compared to December 2021.

"I am talking about a continuation of the kind of positive disruption that has already taken hold in Colombia, and which is rapidly changing the financial landscape."

This is a senior credit line announced in 2020 granted by the United States International Development Finance Corporation

Credivalores-Crediservicios SAS, a large consumer lender in Colombia, announced on October 13 the successful closing of a COP $ 270,000 million ($93 million USD) syndicated structured loan with a tenor of 60 months and a revolving availability period of 3 years. This new facility...