Inclusión financiera: Factor clave en la esperanza de vida de las Mipymes en países de Latinoamérica

Abstract

MSMEs are of vital importance in the economic and social development of the nations of Latin America, comprise 99% of the formal Latin American companies, are the main generators of employment with 61% and contribute with 25% of the GDP of that region. Unfortunately, the average life expectancy is less than 10 years because these businesses face various problems, highlighting access to financing. The objective of this research is to determine the impact of financial inclusion on the life expectancy of MSMEs in Mexico, Colombia and Chile. An exhaustive analysis of both variables is carried out with data from reports, surveys and specialized studies. Some results indicate that the main source of financing for these companies is not the financial institutions, on the contrary, they are the resources that their owners invest and the main obstacle to not accessing external financing is the high interest rates. This research contributes to show the current conditions of MSMEs in order to design public policies that strengthen financial inclusion to improve their permanence and competitiveness in the market.