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How legal restrictions on collateral limit access to credit in Bolivia (anglais)

In Bolivia, banks supply most of the loans to the private sector. Bolivian banks usually accept only real estate as collateral for these loans, or the personal guarantee of someone who owns real estate. They usually will not accept inventory, accounts receivable, livestock or industrial equipment as collateral without demanding a supplemental guarantee based directly or indirectly on the ownership of real estate. These policies limit access to credit...
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