Fuentes de financiamiento de las Pymes en Ecuador : una reflexión y propuesta de eficiencia.

Abstract

The goal of this research is to analyze the various forms of financing used by SMEs in Ecuador to finance their operations. For this purpose, the documentary review of similar studies, official statistics of control agencies and articles referring to the subject of study were used as research techniques. Likewise, the analysis is complemented with field research, which is done through in-depth interviews. The interviews seek to receive various points of view such as the academic, the public official, the company auditors and finally the businessman, as a fundamental part of this research. Among the main conclusions, it can be indicated that SMEs do not use non-traditional sources of financing, in general seven out of ten companies in this segment use their own contributions as a source of financing followed by bank loans from private and public institutions, in that order. Given the above, it is evident that there is wide opportunity to promote the use of non-traditional financing mechanisms among SMEs, a proposal that is made in this research.