Análisis del impacto del COVID-19 en la Cooperativa de Ahorro y Crédito Padre Julián Lorente Ltda., en 2020

Abstract

Abstract: This study analyzes the effects of the crisis caused by COVID-19 that impacts the financial performance of a microfinance institution (IMF) such as the Cooperativede Ahorro y Crédito (COAC) Padre Julián Lorente in 2020. This analysis will be based on the financial economic information included for the years 2018, 2019 and 2020, collected from the 12 agencies that constitute the COAC throughout Ecuador. It was determined what there were effects on profitability, since it uses own capital not due to the indebtedness of the partners, implying risks for the equity. Liquidity increased due to non-current expenses. The default and loan provision were reduced to help the debtor based on the deferral benefit. The collection is effective but irregular. It also impacts liquidity risk management and a false portfolio due to uncertainty. Finally, this is a study applied to the microfinance sector in segment 2 related to the effects of COVID-19, a current issue with SA which requires designing a short, medium and long-term strategic plan to seek a more stable scenario.