Análisis en la reducción de tasas de interés del microcrédito y sus implicaciones en la producción y empleo, Ecuador 2016-2020.

Abstract

Microcredit is considered a source of financing aimed at the population less favored by traditional banks. The general purpose of this work was to analyze the reduction of microcredit interest rates and its implications in production and employment, Ecuador period 2016-2020. The methodology corresponded to a literature review, descriptive and analytical-synthetic investigation. The descriptive approach denotes properties of a study phenomenon and the analytic-synthetic approach disaggregates it to extract essential characteristics and at the same time integrates it to discover general peculiarities. It was concluded that microcredit interest rates have remained high in the study period with a single reduction of two percent in 2018, which subsequently stimulated an increase in the volume of microcredit in general accompanied by a growth in production, and equally in employment of economic activities related it to microcredit; although there could be other factors that have bestowed to the performance of the economy. It was added that despite the escalete in the volume of general microcredit there is a progressive decline in the volume of retail microcredit and simple accumulation microcredit.