SMEs
Coval and Klym partner to finance 1.5 million SMEs
Coval Servicios Financieros has announced its entry into the Colombian market through a strategic alliance with fintech Klym, aiming to provide financing access to over 1.5 million micro, small, and medium enterprises (SMEs). The company projects double-digit growth in annual financed volume by the end of 2025 compared to 2024. This initiative seeks to bolster the liquidity of SMEs, which make up 99.5% of the country's productive fabric.
Prabowo emphasizes SME empowerment and fight against cross-border crimes at APEC
President Prabowo Subianto emphasized the importance of empowering small and medium enterprises (SMEs) and multilateral cooperation against cross-border crimes for a resilient Asia-Pacific region. The statement was delivered at the first session of the APEC Economic Leaders’ Meeting in Gyeongju, South Korea. He highlighted inclusive economic growth and threats like smuggling and corruption.