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Entrepreneurs rely on savings and their families
Posted On 26 Jun 2017
Ecuadornews:
She has run for almost a year a small business of sheets, curtains and a bazaar. Isabel Franco runs it from home, in a small showcase near the entrance door after getting home after work.Her initial investment was $ 1,000. Her source of funding was her own savings and family support.
According to the Global Entrepreneurship Monitor (GEM) study of 2016, she is part of the 99% of entrepreneurs who are financed with their own resources; And another 35% who receives financial support from informal investors (family, friends and neighbors).
The latter two trends registered an increase from 2015 to 2016. Self-financing rose from 96% to 99% and family support from 34.5% to 35.2%, according to the GEM, which measures entrepreneurship since 1999 in 66 countries. In Ecuador, it is in charge of the Spanish Business School since 2004. (I)
Source: http://www.eluniverso.com/noticias/2017/06/26/nota/6249571/ahorros-familia-se-apoyan-emprendedores
