Colombian credit card issuance concentrated among low-income, young borrowers

FGA data shows 78% of credit card issuances in Colombia are held by individuals earning up to 2.5 minimum salaries, and 26% by those under 26. This indicates a high concentration of unsecured consumer credit among lower-income and younger demographics, raising potential financial stability concerns. The data is from a government guarantee fund, but the full context of portfolio quality is not provided.

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