Socioeconomic situation of MSMEs in the province of Carchi, period 2020

The global Covid-19 pandemic brought with it various difficulties for established MSMEs and new MSMEs. The purpose of this research is to diagnose the socio-economic situation of MSMEs in the province of Carchi in the period 2020, using a quantitative approach with a simple descriptive type of research, the collection of information was carried out by submitting a sample of 363 mipymes of the province of Carchi, being stratified in the six belonging cantons, once the information was analyzed, it was determined that the main problems are: reductions in income to cover the expenses incurred, which produced an increase in the rate of unemployment and labor informality, 41.5% have had a beneficial impact with the closure of the border, increasing income from sales made, while 45.9% have had a detrimental impact with the closure of the border between Colombia and Ecuador. 41.6% of MSMEs consider the injection of capital through loans as their main activity. 37.3% of MSMEs face the financial pressure of paying requested loans. 43.3% of MSMEs have developed the ability to improve communication, as a strategy to increase sales.