This document goes to show the current financial risks in the MSMEs in Colombia; specifically, a forecast will be made about the exposure to risk by these Colombian companies selected for the study; more exactly in the management of financial risks. The exercise is developed in the first semester of 2017 in the Colombian market. The introduction will describe the possible risks to which the selected MSMEs are exposed. After, the process in which MSMEs incur financial instability will be reported. Then, qualitative methodology used will be explained. Finalize the document with the conclusions referring to main weaknesses of analyzed MSMEs respect to Financial Risk.