Microcredit as an Economic and Social Development Tool for Microenterprises

Abstract

Currently, there are advances in microfinance, but there is a need to create a system that adopts and develops tools to combat poverty or a lack of knowledge on how to promote economic development in vulnerable communities. The purpose of the study was the use of microcredit in the economy for financial decision making. (168) micro-entrepreneurs from the cities of Amatitán, Guadalajara and Tequila in Mexico participated. Secondary information taken from the research center for entrepreneurship and social development. –Funciedes-. They provided the survey “Microcredit in Microentrepreneurs in Mexico”; as a result of the hypothesis, the microentrepreneur, according to his main activity and his academic unit, has always lived in the municipality. In the analysis performed of the Bayesian binomial test which is based on the proportions compared and the shape of the prior distribution under the alternative hypothesis specified by Beta (1,1). Where the results give as evidence that the first -NO- with (38) has a proportion of (0.226) with a BF₁₀ of (2.964e+10), and the second answer –YES- with (130) have a proportion of (0.774) with a BF₁₀ of (2.964E+10), it is concluded that in the evidence provided by the Bayesian factor where the first response is in extreme favor of the alternative hypothesis where the second response is in favor of the alternative hypothesis.