Endeudamiento de crédito y obligaciones financieras de los clientes de las instituciones financieras de la ciudad de Machala.

Abstract

In the financial sphere, borrowing is the acquisition of economic resources through loans or the issuance of debt, with the condition of repayment within a specified future period. Although it can be an effective financial strategy to achieve financial goals, such as acquiring property or financing studies, it is imperative to manage this practice responsibly in order to avoid possible financial difficulties. Adequate indebtedness requires a balance between access to credit and the borrower's creditworthiness. In the economic context, credit plays a vitally important role in providing individuals, companies and governments with access to financial resources that would otherwise be difficult to obtain. It is an important component in facilitating the financing of both personal consumption and corporate productive activities. In this context, financial education emerges as an essential factor for an effective understanding of the use of credit and the proper management of indebtedness. This education provides a set of knowledge and skills that enable informed financial decisions, including the ability to evaluate the different credit alternatives available, understand the terms and conditions associated with loans, and adequately plan debt repayment. Sound financial literacy training also promotes financial responsibility by encouraging savings, investment and effective management of personal finances. It helps to avoid over-indebtedness, a situation that can trigger serious financial problems, and ensures the maintenance of a healthy balance between access to credit and the individual's ability to pay.