MECANISMO ALTERNATIVO DE FINANCIAMIENTO PARA LAS PYMES DEL SECTOR BANANERO DE LA CIUDAD DE MACHALA

Abstract

The SMEs, by having limited capital to develop their business generally require financing, either through private, public institutions or with new shareholders’ investment, however these sources become, sometimes difficult to access. The following paper has the objective to propose an alternative financing and investment for SMEs in the banana sector of Machala by REVNI (Special Register of Securities Not Inscribed). This is an underexploited mechanism for SMEs in Ecuador and still not explored by the SMEs in the banana sector. A qualitative study was developed through interviews with an expert and a bananas producer; the results show a wide range of benefits by using this mechanism. Also, it is exposed the lack of knowledge and training that the SMEs in Ecuador have to participate in the stock market.This situation contributes to the increase in bank loans, which prevents that the SMEs get benefits from this mechanism, so it is recommended to promote the training and instruction of the market stock management directing the REVNI, the same that was specially created for development of SMEs, in addition to offering more attractive benefits than the banking system.