Version 1
: Received: 4 August 2022 / Approved: 10 August 2022 / Online: 10 August 2022 (03:50:20 CEST)
How to cite:
Dávila, P.; Ortuño-Pérez, *.S.; Palacio-Fierro, A.; Mantilla, D. Solidarity Finance and Sustainable Development Strategies for Solidarity Funds in Pichincha, Ecuador. Preprints2022, 2022080187. https://doi.org/10.20944/preprints202208.0187.v1
Dávila, P.; Ortuño-Pérez, *.S.; Palacio-Fierro, A.; Mantilla, D. Solidarity Finance and Sustainable Development Strategies for Solidarity Funds in Pichincha, Ecuador. Preprints 2022, 2022080187. https://doi.org/10.20944/preprints202208.0187.v1
Dávila, P.; Ortuño-Pérez, *.S.; Palacio-Fierro, A.; Mantilla, D. Solidarity Finance and Sustainable Development Strategies for Solidarity Funds in Pichincha, Ecuador. Preprints2022, 2022080187. https://doi.org/10.20944/preprints202208.0187.v1
APA Style
Dávila, P., Ortuño-Pérez, *.S., Palacio-Fierro, A., & Mantilla, D. (2022). Solidarity Finance and Sustainable Development Strategies for Solidarity Funds in Pichincha, Ecuador. Preprints. https://doi.org/10.20944/preprints202208.0187.v1
Chicago/Turabian Style
Dávila, P., Andrés Palacio-Fierro and Diego Mantilla. 2022 "Solidarity Finance and Sustainable Development Strategies for Solidarity Funds in Pichincha, Ecuador" Preprints. https://doi.org/10.20944/preprints202208.0187.v1
Abstract
This research was carried out with the objective of analyzing the principles of social and solidarity economy in the community funds of the rural sector of Pichincha, Ecuador. Small organizations promote microcredits for local, social and economic development, representing an alternative to those managed by traditional banks. The research was descriptive, non-experimental field research. The population analyzed consisted of 220 community funds, and the size of the representative sample was 49 community organizations that practice solidarity finance. The data were collected through online questionnaires using a Likert scale, and the validity of this approach was judged by experts; the reliability of the instrument obtained was 0.95 using the Cronbach’s alpha method. The results highlight that in these organizations, the following traits prevail: associativity, self-management and organization. However, autonomy and solidarity have a negative valuation, which shows that strategies must be rethought to achieve the empowerment of the financial service. This will allow them to be sustainable and to expand with more benefits that promulgate financial activity and promote structures in rural community networks that promote local development and strengthen deficient principles as a basis for generating a greater benefit to the partners.
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
