Incidencia del acceso a crédito en el desarrollo de los microempresarios. Casos comerciantes del mercado 9 de octubre de la ciudad de Cuenca-Ecuador

Abstract

Promoting an enabling environment for micro-entrepreneurs depends mainly on the active collaboration of society, encompassing government, educational, and financial entities. The crucial influence of financial entities in the development of these entrepreneurs’ activities is undeniable, which underlines the importance of their active participation in promoting business growth. Considering this background, the research aims to study the impact of credit access on micro-entrepreneurs development in the “9 de Octubre” market in Cuenca, Ecuador. Descriptive and cross-sectional quantitative research was conducted by applying a questionnaire to 111 merchants. The inferential analysis required the simple linear regression test to analyze this relationship. The results reveal that access to credit has a positive and significant effect on the micro-entrepreneurs development. The conclusions highlight the need to improve access and effectiveness of financial services, and strengthen training and technical support programs focused on financial management and strategic business development.