Financial education for coffee producers in southern Ecuador: the case of FAPECAFES
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Abstract
This article, based on the triple helix theory, analyzes the level of financial education in popular and solidarity economy organizations based on three dimensions. Through a model survey adapted for Ecuador, information was gathered from 261 members of the coffee growers' association called FAPECAFES, distributed in the provinces of Loja, Zamora Chinchipe and El Oro. The results determined that the population has better results in the dimension financial aptitude (70.31%), followed by the dimension financial behavior (48.5%) and financial knowledge (30.4%). The total score reached by the population is low (49.7%). With respect to gender, women obtained lower scores than men and the population with better results has a fourth level degree. The study also shows that there is a previous financial literacy process in the surveyed population, despite the limited financial training of people living in rural areas of this part of the country. The data will facilitate the design of financial education programs for public-private actors, especially women and managers of popular economy and solidarity organizations in rural areas.
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