Determinantes en la oferta de financiamiento en las microempresas del Ecuador, provincia de Loja 2023

Abstract

Abstract: The main objective of this research is to identify the determining factors for the provision of financing to microenterprises in Loja province, Ecuador, during the year 2023. An exploratory-descriptive research was conducted, employing both qualitative and quantitative approaches. The information was gathered from various financial bulletins published on control agencies' websites and surveys applied to different financial entities in Loja province. Based on the empirical information obtained and the evaluation of the survey data, it was found that the determining factors for the provision of financing by financial institutions are primarily focused on the client's financial information and credit history. It should be noted that there may be asymmetric information in the data obtained since microenterprises often lack the necessary formality required by institutions to provide financing, such as guarantees regarding the existence of the business, its profitability, and generated income.