Determinantes en el acceso a financiamiento en las microempresas del Ecuador, en la provincia de Sucumbíos Cantón Shushufindi, 2023

Abstract

Abstract: This research examines the determinants of access to financing in the microenterprises of Ecuador, in the province of Sucumbíos Canton Shushufindi 2023. A Through surveys conducted with 112 participants, critical elements were identified that They limit access to loans and credits. Among the main determinants are lack of solid credit history, limitations in financial capacity due to short operating time of companies and the absence of tangible assets. The study highlights the preference of microenterprises for private banking, possibly due to more favorable credit conditions and solid credit support towards this segment business. The implementation of comprehensive strategies is recommended, including adapted financial educational programs, government support for entrepreneurship and the exploration of guarantee alternatives or loans adapted to the needs of microenterprises. Collaboration between financial entities, the sector business and government is crucial to overcome the identified barriers and improve access to financing significantly. This comprehensive approach has the potential to promote sustainable economic development in the Shushufindi Canton, Ecuador.