Financial education strategies for rural community projects with international cooperation alliances
Abstract
Introduction: This research examines the relationship between the use of financial education strategies and the results of rural community projects in communities that benefit from international cooperation alliances developed in the Ecuadorian province of Manabí. Materials and Methods: This research is located within a quantitative framework, as it is correlational and not cross-sectional experimental, since a pre-structured online survey was used and composed of the distribution of 10 items in different ways (financial education strategies, project results, support from international alliances) to collect information. The research sample was 67 people taken from a population that was considered to be 80, and was made up of community leaders, direct beneficiaries and those responsible for the organizations that cooperate with them. Descriptive statistics (means and standard deviations) and nonparametric correlation tests (Spearman and Kendall) were used to analyze the data. Cronbach's alpha coefficient was used to determine the instrument's reliability. Results: The results revealed a strong, positive correlation between the implementation of financial strategies and project success (rho = 0.845), as well as a significant correlation with the level of international support. Conclusions: The dimensions analyzed showed adequate levels of reliability, with financial strategies being particularly notable (α = 0.805). Opportunities were identified to deepen technical support from international cooperation, and the evaluation instruments could also be expanded.
References
Afjal, M. (2023). Bridging the financial divide: a bibliometric an alysison the role of digital financial services within Fin Tech in enhancing financial inclusion and economic development. Humanities and Social Sciences Communications, 10(1), 1-27. https://doi.org/10.1057/s41599-023-02086-y
Babajide, A., Osabuohien, E., Tunji-Olayeni, P., Falola, H., Amodu, L., Olokoyo, F., ... & Ehikioya, B. (2023). Financial literacy, financial capabilities, and sustainable business mode practice among small business owners in Nigeria. Journal of Sustainable Finance & Investment, 13(4), 1670-1692. https://doi.org/10.1080/20430795.2021.1962663
Danladi, S., Prasad, M. S. V., Modibbo, U. M., Ahmadi, S. A., & Ghasemi, P. (2023). Attaining sustainable development goals through financial inclusion: exploring collaborative approaches to Fintech adoption in developing economies. Sustainability, 15(17), 13039. https://doi.org/10.3390/su151713039
Eseza, N., David, N., & Andrew, N. (2025). The Influence of Cooperative Financial Literacy, Training and Advisory Strategies on Women's Financial Empowerment: A Review. Asian Journal of Economics, Business and Accounting, 25(3), 151-167. https://doi.org/10.9734/ajeba/2025/v25i31701
Kyeyune, G. N., & Ntayi, J. M. (2025). Empowering rural communities: the role of financial literacy and management in sustainable development. Frontiers in Human Dynamics, 6, 1424126. https://doi.org/10.3389/fhumd.2024.1424126
Louman, B., Girolami, E. D., Shames, S., Primo, L. G., Gitz, V., Scherr, S. J., ... & Brady, M. (2022). Access to landscape finance forsmall-scale producers and local communities: A literature review. Land, 11(9), 1444. https://doi.org/10.3390/land11091444
Mishra, D., Kandpal, V., Agarwal, N., & Srivastava, B. (2024). Financial inclusion and its ripple effects on socio-economic development: a comprehensive review. Journal of Risk and Financial Management, 17(3), 105. https://doi.org/10.3390/jrfm17030105
Morgan, P. J. (2021). Fintech, financial literacy, and financial education. The Routledge handbook of financial literacy, 239-258. https://doi.org/10.4324/9781003025221
Tay, L. Y., Tai, H. T., & Tan, G. S. (2022). Digital financial inclusion: A gateway to sustainable development. Heliyon, 8(6). https://doi.org/10.1016/j.heliyon.2022.e09766
Zikargae, M. H., Woldearegay, A. G., &Skjerdal, T. (2022). Empowering rural society through non-formal environmental education: An empirical study of environment and forest development community projects in Ethiopia. Heliyon, 8(3). https://doi.org/10.1016/j.heliyon.2022.e09127
Published
Issue
Section
License
Copyright (c) 2025 Fidel Chiriboga-Mendoza, Enrique Cristóbal Zambrano-Pilay, Kevin Alexander Delgado-Mendoza, Luis Santana-Castro
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
This journal provides immediate open access to its content, based on the principle that offering the public free access to research helps a greater global exchange of knowledge. Each author is responsible for the content of each of their articles.
Universidad de Oriente 