Determinantes en el acceso a financiamiento en las microempresas sociedad por acciones simplificada del Ecuador. Provincia Azuay, cantón Cuenca, año 2023

Abstract

Abstract: This research focuses on analyzing the factors that determine access to financing in microenterprises in the Cuenca canton, during the year 2023. Therefore, The aim is to identify the multiple restrictions that these companies face in the process of getting approval for a loan. This purpose is achieved through of the application of a face-to-face survey to 280 Cuenca microenterprises legally registered as a simplified stock company. The results obtained allow us to conclude that there are at least four relevant limitations in the access to financing, which are: inability to pay, lack of guarantees, duration of operation of the enterprise and non-compliance with obligations previous. It can also be stated that the destination of the required financing has an impact, since the majority of participants affirm that they would use the money to pay obligations current, which indicates that the business income is probably not enough to cover the expenses. Such findings are relevant for the development of the sector Ecuadorian microbusiness and its relationship with the financial system.