Análisis y Evaluación Financiera del Programa de Microfinanzas del INSOTEC Riobamba, para la Obtención de Recursos Financieros y su Comportamiento hasta el Año 2002.

Abstract

The Socio - Economic and Technological Investigations Institute INSOTEC, take legal personality with agreement No. 144 of Ministerio de Bienestar Social, as a private Ecuadorian foundation, with purposes of contributio n to the economic, social, technologic and educational development of Ecuador. The institution begins to give their services straight to micro an little enterprises, with loan agreements of Banco Interamericano de Desarrollo (Interamerican Development Ban k)(BID) and Fondo Ecuatoriano Canadiense de Desarrollo (Ecuadorian Canadian Development Fund), in October 93’ begins the direct credit program (micro finances) and develop the technologic and commercialization services. Between the 1998 and 2000 years, Ec uador lived one of the worst social and economical crisis in the enterprise sector. At beginnings of 2000 year Ecuadorian Government decreed the dolarization of currency, INSOTEC and their services to micro, small and middle enterprises survived, neverthe less the cost was high, the active briefcase reduces to a third part because the change of currency, dolarization and the operation numbers reduced in 40%. Problems that affects to the small capacity of client attention and go into a agile, effective and continuous growing process as happened in the years before the crisis. In the 2000 and 2001 years, the Riobamba micro finances program, was keeping positive results, as seen in the financial analysis done, the program develops their activities in a relati vely stable economic environment, which make that the financial market reviewed their rates and money costs politics, putting the program in a disadvantage position. Enough reasons to make the present investigation, and the proposal to get resources from Secretaría de Implementación del Programa de Apoyo Alimentario PL - 480, getting the approbation in December 12 of 2001 for a value of $207.000,oo to the Enterprise Service Centers in Riobamba province of Chimborazo and Pelileo in Tungurahua province. Maki ng use of the gotten resources and the reinvention of those in the INSOTEC Riobamba micro financial program, as seen in the results, we prove that the program increases their service responsibility to micro, small and middle enterprises, of Riobamba ́s cit y, and the program is directing their activities to the consecution of increasing with rentability, which agree with the designed hypothesis and objectives.