Incidencia de las transferencias de remesas que se realizan a través de la Cooperativa Jardín Azuayo, en la expansión y democratización del crédito en la provincia del Azuay durante el período 2008-200|4

Abstract

Historically, in Ecuador, the Azuay province has the greatest emigratory footprint abroad and has benefited from a substantial flow of foreign currency, which increased notably with the emigration provoked by the economic crisis at the end of the 1990s, rising to 450 million U.S. dollars by 2014. This, coupled with a prevailing distrust of the banking sector, generated the creation and growth of many savings and credit unions such as Jardín Azuayo, which was founded in 1993 on the heels of the Josefina disaster. In addition, the amount of foreign currency moved through the credit and savings unions saw a notable increase, contributing to this increase were the expansion, democratization, and development of the province’s credit. In the present investigation, secondary information was utilized, originating from la Superintendencia de Bancos y Seguros, Superintendencia de Economía Popular y Solidaria, Banco Central del Ecuador, Instituto Nacional de Estadísticas y Censos, Cooperativa de Ahorro y Crédito Jardín Azuayo, among others. In addition, this investigation worked with a survey of the credits granted by la Cooperativa Jardín Azuayo. The obtained results allow visualization of the credit expansion and democratization as well as its true destination and provides the necessary elements for the establishment of policies that permit support for the credit and savings unions and the sectors that require financing, especially for productive ends.