00:00I think there are many things to be done here.
00:02I believe that the Colombian entrepreneur has always sought
00:04try to target those underserved niches of people.
00:08On credit, for example.
00:09In Colombia, we are around 35% in credit through a financial institution.
00:13Placement?
00:14In the cities.
00:15Credit placement?
00:15Yes, that's right. In cities.
00:1712% are in the countryside.
00:19In other words, we have a very big problem in the cities.
00:22It's shameful in the countryside.
00:23Clear.
00:24So, we need to find the root cause of why we haven't been able to help those people.
00:28It is very important.
00:29So, from a payments perspective,
00:31We need to develop what Brazil is doing with offline payments.
00:34Where internet latency is average or poor,
00:37Well, we have to offer a solution so that people don't have to make the cash
00:39and reduce access costs.
00:41Four per thousand and withholdings.
00:42Two things that increase the use of the digital economy in the field.
00:46In terms of credit, we need to rethink how we calculate risk.
00:49of the people who are in dispersed rural Colombia.
00:51Yes, we can't all get the same treatment.
00:52No, how do we calculate the cost of a farmer from whom he buys his supplies?
00:56and sells them and sells the by-product for cash.
00:58We need to do a different calculation and we need to be able to take more risk
01:01to address those pockets of poverty that have been historically neglected.
01:05For that, we return to the original discussion.
01:07We need to allow these companies to bring more money abroad.
01:09so that they can, with that money out, take more risks.
01:12Banks are legally prohibited from assuming those risks.
01:16because they act as intermediaries for public savings.
01:18And it's good that they take care of him like that.
01:19But if we have such strict rules that it makes capturing money...
01:24does not need to be so safeguarded and so protected,
01:26Well, let's allow these others to bring in more money in an easier way.
01:29so that they can take more risks.
01:31And if we have more money, we can take more risks.
01:34We can calculate rates better, we can use offline products,
01:37Well, I think that's where we can address those pockets of poverty.
01:47Thank you!
