Financiamiento del ciclo económico de las pymes de la provincia de Loja, con alternativas de garantía crediticia, año 2016 - 2020

Abstract

Abstract: SMEs are one of the most vulnerable productive sectors in the face of economic downturns, since most of these organizations do not have the financing and guarantees needed for their survival. The objective of this study is to analyze the financing of the economic cycle of SMEs in the province of Loja, as an alternative credit guarantee. The study used an exploratory and descriptive methodology, which analyzed changes in the last 5 years in financial obligations, assets and operating profit, to determine the moments of greater or lesser financing and greater or lesser growth of SMEs. A survey of experts was also conducted on access to financing and guarantees for SMEs. The results show that during the years 2016 to 2019, SMEs show relative stability and growth; in 2020 the contraction generated by the COVID-19 crisis maintained the levels of assets and the levels of financial obligations, since the conditions in relation to guarantees and credit rating did not change. However, there was a general drop in profits.