Proyecto de factibilidad para la creación de una caja de ahorro en el cantón Sigchos, provincia de Cotopaxi, año 2023

Abstract

This research project focused on designing a feasibility study for the establishment of a Savings and Loan Association in Sigchos canton, Cotopaxi province, in 2023. The motivation for this project stemmed from the absence of initiatives within the canton to promote diverse activities that could lead to economic development. The research aimed to determine the feasibility of implementing a savings and loan association through the use of economic and financial tools, with the goal of enhancing productivity and the quality of life for the population. A combination of quantitative and qualitative methodologies was employed in the research, including the administration of surveys to the residents of the canton of Sigchos. Furthermore, a SWOT analysis was conducted to identify the strengths, opportunities, weaknesses, and threats within the financial entity. The market study was carried out to assess the project's viability, and a financial study determined an initial investment of $61,670.12 USD for the creation and development of the project. Financial evaluation revealed a Net Present Value (NPV) of $30,304.77 USD, indicating viability as it exceeds zero. The Internal Rate of Return (IRR) stood at 53%, signifying profitability, given that a higher IRR than the discount rate implies a profitable project. The Benefit-Cost Ratio (B/C) was $1.49 USD, meaning a return of $0.49 for every dollar invested. Finally, the Payback Period (PRI) indicated a recovery of the investment within 3 years and 3 months, leading to a favorable project execution