The feasibility of microcredits in times of a Covid 19 pandemic in the northwestern area of Guayaquil, Ecuador

Abstract

The pandemic, product of Covid 19, has generated serious problems in various aspects for Ecuadorian families, and those in the northwest of Guayaquil do not escape this situation; For this reason, the need to evaluate the feasibility of microcredits in times of the Covid 19 pandemic in the northwest area of ​​Guayaquil, Ecuador, where the state and private entities evaluate the possibilities of financial and legal aid to those citizens who show Entrepreneurship projects, where through them they produce the necessary resources to cover their basic needs in these moments of confinement and in turn contribute to the growth or active maintenance of the country's economy. The aforementioned will be achieved through a descriptive study under a documentary investigation, consulting and summarizing those aspects that support these initiatives in the bills. Once these documents have been evaluated, the feasibility of granting microcredits under special conditions is concluded, in these moments of pandemic and confinement by Covid 19, where all those citizens who show their business plans will benefit.