Strengthening financial and administrative education in Latacunga’s families

Abstract

Context: This project had as its fundamental purpose, to strengthen the domestic economy with financial and administrative education, of 60 families, who make up the La Matriz parish, located in the urban sector of the Latacunga canton, from the initiative of a project of linking the University of the Armed Forces ESPE Latacunga headquarters (ESPEL), for the education and training of citizens. Method: A diagnostic study was carried out in the 60 participating families to characterize their level of financial education, their current conditions in managing finances and investment capacity. The training was carried out from constructivism, where the participants assumed a leading role with the help and guidance of the facilitators; in a dynamic and interactive way. Results: The Design of a Training Program of 80 hours on topics of basic accounting, balances, financial indicators of families, allowed to generate an administrative-financial culture in the participants and the management of the family economy; new alternatives to promote savings through cooperative learning and learning by doing. Conclusions: The training program not only contributed to obtain new knowledge, to the generation of business plans for people with greater savings capacity, but also promoted integration and associativity among entrepreneurs, strengthening previous knowledge that they possessed, mostly based on experience and that they were able to enrich with theory and practical cases.