Leonor Melo de Velasco President del Banco Mundo Mujer

Chronicle lender mayor of the microfinance.

“TO INNOVATE, WE THOUGHT ABOUT OUR CLIENTS’

VOICE. WHAT OTHER SERVICES DID OUR CLIENTS WANT? WHAT ELSE DID THEY NEED
FROM US? IN THAT INNOVATION PROCESS, WE CAME TO REALIZE THAT OUR CLIENTS
DID NOT ONLY NEED LOANS: THEY ALSO NEEDED TO SAVE, AS SAVINGS BUILD WEALTH.”

¿How long has Leonor bee in banco mundo mujer?

thirty-two years serving the community

She is recognized for her leadership and entrepreneurial spirit. He positioned

Fundación Mundo Mujer as the most important microcredit NGO in Colombia and

managed to evolve the entity as Mundo Mujer, the Community Bank, starting

banking operations in February 2015

His goal is not only to lend, but to do so responsibly to avoid over-indebtedness of

his clients. Today it already adds $100,000 million in deposits from 134,000 savers

received the recognition as Outstanding Business Woman of Cauca, granted within

the framework of the traditional event La Noche de los Periodistas 2021, held on

August 26 in the city of Popayan. Their commitment and human qualities were

highlighted to support the fulfillment of the growth objectives of the

microentrepreneurs and the community that trusts in their work. We extend our
thanks to all of our customers. At Banco Mundo Mujer we shake hands with

Colombia

comparatives: On a debit card, the payment is charged directly to the cardholder's

checking account. Thus, they only allow the collection up to the limit of the funds in

the account. With the credit card it is possible to pay even if the funds are not

available, since it is possible to defer the payment until the following month

Another difference to bear in mind is that if you are one of those who accumulate

miles, points or this type of benefit offered by different commercial establishments,

a credit card is better for you, since it is not possible with a rotary card.

stock market, explained other differences between the financial instruments, “in a

revolving credit, the amount of installments is defined, while with the credit card the

client has more options to choose the number of installments. Plastics have loyalty

programs while credits do not. Credit cards are better for travelers because they

can be used in other countries.”

The two financial products are enabled for both natural and legal persons.

However, the difference is that if a company obtains a revolving loan, it must be

used for working capital, while a credit card is free to use. Plastics are very

common in companies for the payment of travel expenses and online purchases.
Something to keep in mind is that in the financial market there are a good number

of banks that offer revolving loans, while only 18 offer credit cards. When deciding

on one of the two options, it is important to analyze the different proposals on the

market and know the interest rates offered by each financial institution (see graph).