Modelo de gestión financiera para la Cooperativa de Ahorro Crédito Sumak Sisa Ltda, cantón Ambato, provincia de Tungurahua

Abstract

The objective of this research work was to develop a financial management model to minimize the overdue portfolio and improve the profitability of the “Cooperativa de Ahorro y Crédito Sumak Sisa” Ambato canton, Tungurahua province, which allowed it to optimize resources and maximize its profitability in financial operations to strengthen its management, procedures, and processes. The applied methodology was framed under a quantitative approach, with a descriptive and exploratory level, under a non-experimental design of an applied type. The survey and interview were used to collect information, which served as a method of data collection applied to employees in the administrative and accounting areas. Likewise, the documentary review and evaluation of the 2018-2020 financial statements were used. Among the most relevant findings, a series of weaknesses and shortcomings were diagnosed in the accounting area, lack of economic management methods, weaknesses in accounting processes, little staff training, and mismanagement of petty cash. Concluding that the approach of the strategies is under the appropriate methodology for the institution and aimed at improving the weaknesses that arise within the financial entity for the recovery of the past-due portfolio, as well as to adjust the requirements for the authorization of microcredits to the partners; It is recommended to comply with the strategies and goals set out in this improvement plan since its implementation will have a direct impact on the results, cash and credit portfolio of the cooperative.