Savings and cbkp_redit cooperatives in Ecuador: The challenge of being cooperatives

Abstract:

In the Republic of Ecuador, the current financial system consists of public and private institutions, as well as processes of popular and solidarity economy, showing a clear differentiating element. All these policies are governed by the same regulations based on their financial intermediation activity. Hence the need to analyze the current financial system and its purposes both in the banking system, as well as in the savings and cbkp_redit cooperatives sector. For this purpose, its taxonomy of inconsistencies is elaborated as a result of the application of similar regulations despite the fact that its origin and corporate purpose are conceptually different. For this, an analysis of the existing information is carried out in the segment of the largest cbkp_redit cooperatives sector to their assets, in relation to the need to generate added value in the application of responsibility processes social cooperative under principles of solidarity and ethics in companies of the associative sector of common property. It is evident that social commitment affects financial results, but in turn, improves management in the incessant search for the common well-being of partners, natural environment and society.

Año de publicación:

2021

Keywords:

• ECUADOR
• Social economy
• Popular and solidary economy
• Associative sector
• Cooperatives of saving and cbkp_redit

Fuente:

scopus