View the complete publication in PDF: (Dutch) (English) (Papiamentu)
CBCS publishes research paper on the microcredit market in Curaçao
Pre-loan screening and post-loan support are key to unlocking microcredit’s full potential
Willemstad/ Philipsburg – According to a study by the Centrale Bank van Curaçao en Sint Maarten (CBCS), microcredit is a valuable financing tool for entrepreneurs in Curaçao. However, its overall impact on economic development is limited. The findings suggest that better alignment between loan amounts, expenditure plans, and business potential, as well as more targeted support for borrowers after loan disbursement, can significantly improve outcomes. Streamlining the loan application process and offering more tailored and sustained guidance could better support the long-term growth of these microcredit businesses.