Aug 8, 2016
By Lukas Keller
Imagine Juan Pablo and Carolina, a typical Colombian working-class couple and parents of two living in Medellín. After years of saving, the two wish to finally buy a house for their family in a quiet suburb of the city. The property the couple is looking to buy costs around five times the amount they can put together, which is why they approach their bank, Bancolombia, about the terms of a mortgage loan to cover the outstanding amount.