IX Conferencia Científica Internacional de la Universidad de Holguín Identification and evolution of savings and cbkp_redit groups in the province of Santa Elena, Ecuador

Abstract:

The communities of the province of Santa Elena are vulnerable groups without financial guarantees that prevent access to loans in conventional banking. Since September 2014, the Investment and Cooperation Foundation through the" Save to learning" program has strengthened the creation of the groups through financial advice. The groups grant loans among the members of the community, generate their own interests and create savings culture. The objective of this article focuses on the identification and evolution of savings and cbkp_redit groups in the province and their endogenous development during the 2014-2018 period. The bibliography analysis and descriptive analysis technique were used in order to segment the sample by location, seniority, social capital and profile the specific characteristics. 233 savings and cbkp_redit groups were identified with an average of 25 members, 21614 borrowers, 5210 active clients, 174 million dollars in loans, 140 groups located in the north and 93 in the south. The savings program promotes the economic inclusion of communities and long-term financial selfsustainability in the province.

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