Impact of Microcredits and their Relationship in Female Entrepreneurship, Quevedo – Ecuador, 2021

Peña Rivas Justa, Maldonado-López Sandra Betzabeth, Garzozi-Pincay René Faruk, Garzozi Pincay Yamel Sofia, Nieto-Quinde John Alfredo

2022

Abstract

The purpose of this article is to analyse the impact that microcredits have on the economic activity of the entrepreneurial population who need to improve their life quality and reduce poverty in Quevedo, Los Ríos province. It is known that microcredits, potential creditors of financial resources to improve the socioeconomic situation of families; usually, these are granted to people from middle and lower social strata who seek to rely on the perspective of entrepreneurs or independents. This study was carried out through an exploratory-descriptive investigation, in which surveys were applied to the economically active female population, with micro-business activities. As a result, it was obtained that 66.48% of the women entrepreneurs of Quevedo stated that the microcredits received from public and private banks, influenced the improvement of the life quality and the poverty reduction in their homes, and driven in turn to the socioeconomic development of families throughout the canton.

Paper Citation

in Harvard Style

Justa P., Sandra Betzabeth M., René Faruk G., Yamel Sofia G. and John Alfredo N. (2022). Impact of Microcredits and their Relationship in Female Entrepreneurship, Quevedo – Ecuador, 2021. In Proceedings of the 2nd International Conference on Finance, Information Technology and Management - Volume 1: ICFITM, ISBN 978-989-758-628-6, pages 5-13. DOI: 10.5220/0011601200003581

in Bibtex Style

@conference{icfitm22,
author={Peña Rivas Justa and Maldonado-López Sandra Betzabeth and Garzozi-Pincay René Faruk and Garzozi Pincay Yamel Sofia and Nieto-Quinde John Alfredo},
title={Impact of Microcredits and their Relationship in Female Entrepreneurship, Quevedo – Ecuador, 2021},
booktitle={Proceedings of the 2nd International Conference on Finance, Information Technology and Management - Volume 1: ICFITM,},
year={2022},
pages={5-13},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011601200003581},
isbn={978-989-758-628-6},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on Finance, Information Technology and Management - Volume 1: ICFITM,
TI - Impact of Microcredits and their Relationship in Female Entrepreneurship, Quevedo – Ecuador, 2021
SN - 978-989-758-628-6
AU - Justa P.
AU - Sandra Betzabeth M.
AU - René Faruk G.
AU - Yamel Sofia G.
AU - John Alfredo N.
PY - 2022
SP - 5
EP - 13
DO - 10.5220/0011601200003581