Financial Education: An economic solution for the growth of associations
Abstract
The lack of financial education has a great impact in Colombia, since it is a country where there is a large vulnerable population and the financial effects that are governed by it, based on this premise, such impact will be analyzed from the point of view of the informal sector with the members of the UGTI union (general union of independent workers and informal economy) in the period from the first half of the year 2025, where important objectives and variables will be taken into account to clearly foresee what the financial effects were. The development of this research allowed us to establish that the lack of easy access to financial education produces a great impact on the economic life of this most vulnerable population in terms of financial systems and informal credits such as drop-by-drop loans and their use with the members of the union in the city of Ipiales.
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