Development of the Popular and Solidarity Economy in Ecuador 2010 – 2019

Abstract

Ecuador has considered the Popular and Solidarity Economy (EPS) as one of the best techniques to satisfy the economic need that arises in society, because this new form of organization allows undertaking and improving the enterprises that have arisen by improving the economic level of those who undertake. For this reason, several articles related to the research topic have been reviewed in order to observe the development that this economy has had in the last ten years in Ecuador. For this reason, this work is descriptive since it makes a critical review of the literature and applies a qualitative methodology, since it describes to what extent the economy in Ecuador has improved and emphasis is placed on savings and credit cooperatives who have had a successful economic development in the last decade, since they have increased both their economic capital and their members, and there are currently 887 cooperatives. These cooperatives have been substantially important when approving loans for small and medium entrepreneurs, because their interest rate is low and with payment facilities, which has allowed the increase of enterprises in different sectors, especially in rural areas.