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Colombia's Bancamía gets 120.60B-peso loan from IDB affiliate

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Colombia's Bancamía gets 120.60B-peso loan from IDB affiliate

Banco de las Microfinanzas - Bancamía SA has garnered a loan of 120.60 billion Colombian pesos from an affiliate of the Inter-American Development Bank, La República reported.

Bancamía will use the funds to boost lending to micro-entrepreneurs.

As of Dec. 12, US$1 was equivalent to 3,371.70 Colombian pesos.