Financing and business development in the MYPES resident in the industrial park of Huaycán

Abstract

This research analyzes the relationship between financing and business development of the MYPES (Micro and Small Businesses) residing in the industrial zone of Huaycán, a city located in the Ate-Vitarte district, Lima. The study is descriptive correlational type with a non-experimental and cross-sectional design. The study population consisted of 60 MYPES in the mentioned place. In order to measure internal financing, a questionnaire prepared by Márquez (2007) was used. To measure external financing, a questionnaire created by Cornejo and Galicia (2010) was used; The business development questionnaire was prepared by García (2003). Its reliability was verified by Cronbach's alpha, which obtained 0.95 for financing and 0.840 for business development. The Spearman's Rho results ρ = 0.329, p = 0.036 allow us to conclude that financing has a significant direct relationship on business development. Therefore, the more financing the MYPES will have, the more business development will allow them to perform optimally in their activities that involve a large part of the population, allowing them to have a business and employment opportunity, thus improving the economy of their families, in order to promote poverty reduction in the country.