Evaluación del tipo de endeudamiento que presentan los trabajadores informales durante la cuarentena covid-19, caso ecuatoriano.

Abstract

The direct and indirect economic repercussions of COVID-19 caused a decrease in employment, hours worked and income for the Ecuadorian population. The increase in unemployment and the decrease in the population's income affected their ability to pay debts incurred before and during the COVID-19 pandemic; therefore, credit institutions applied debt restructuring and grace periods. According to the Central Bank of Ecuador (2021a), financial institutions were more restrictive in granting loans during 2020, compared to 2019. With this background, the present study aims to evaluate the sociodemographic, economic and financial factors that influence the probability that an informal worker has a microcredit, consumer credit, mortgage credit and informal credit during 2020, using information from the "Survey Workers COVID-19 2020, Ecuador", prepared by the Department of Quantitative Economics and the Department of Mathematics of the National Polytechnic School. Having a partner positively influences accessibility to microcredit and mortgage loans. Having financial education positively influences the probability of having consumer credit. The need for a new loan and having no credit history positively influences the probability of having informal credit. This study will allow us to recommend guidelines for the creation of credit products that encourage financial inclusion for this population.