Análisis de los créditos dirigidos al sector microempresarial de Guayaquil

Abstract

The purpose of this research paper is to analyze how microentrepreneurs receive loans to the microenterprise sector in the city of Guayaquil, as well as the conditions established by financial institutions for granting them. The research approach is mixed; interviews and surveys were conducted. The results reveal that financial institutions offer microenterprises credit in the form of commercial, microcredit, or personal loans. However, obtaining financing through financial institutions entails certain barriers, such as bureaucracy, a lack of collateral for microentrepreneurs, and high interest rates. This leads a group to turn to informal sources due to difficulties in accessing bank loans. However, the main source of financing for microenterprises is the formal sector. The demand for financing is primarily used to cover working capital, followed by the acquisition of technology, and, to a lesser extent, debt repayment. While this financing generated a moderate improvement, the results indicate that it did not have the expected impact on production capacity. Regarding profitability, a slight improvement was observed, although in most cases it remained unchanged.