The role of savings and credit cooperatives in the sustainable development of rural communities

Abstract

Introduction. This study analyzed the most effective strategies for implementing Ecuadorian savings and credit cooperatives and their impact on the sustainable development of rural communities. Objective. To identify effective management strategies that strengthen the economic, social, and environmental impact of Ecuadorian savings and credit cooperatives. Methodology. A mixed-method, descriptive, and documentary approach was used, based on the analysis of scientific literature and the results of research studies. The design was non-experimental and cross-sectional, with purposive sampling, focusing on high-performing segment one cooperatives with a presence in rural communities. Results. Cooperatives have promoted financial inclusion, access to credit, and the strengthening of the local economy, especially in sectors traditionally excluded from the banking system. Furthermore, the implementation of strategic management models, the digitalization of financial services, the strengthening of financial education, and a focus on environmental sustainability were identified as key strategies for improving their efficiency and resilience. The results showed that adequate credit risk management and the adoption of financial technologies contribute significantly to the operational stability of these institutions. Conclusion. Cooperatives, beyond their economic function, represent community governance structures that promote equity, democratic participation, and environmental protection. Actions aimed at strengthening institutional capacities, social innovation, and the implementation of inclusive public policies were recommended as mechanisms to enhance their contribution to sustainable rural development. The research provided a comprehensive approach that highlights the importance of cooperatives as transformative agents in building more just, resilient, and sustainable rural communities. General Area of Study: Administration. Specific area of study: Accounting Management. Type of Study: Original Article.