El efecto que tienen las tres modalidades de financiamiento que ofrece el 'Banco del Instituto Ecuatoriano de Seguridad Social' (BIESS) dentro de un proyecto inmobiliario en Quito

摘要

This research paper informs about the three credit options that the “Banco del Instituto Ecuatoriano de Seguridad Social” (BIESS) offers to finance a real state project. Out of the three credit options, two of them are directed towards the constructor and the third one is offered to the buyer. It’s important to understand that the three credit options have a big impact in the elaboration of the project; it might have a direct impact which is the one coming from the constructor or indirect impact which comes from the buyer. In this paper the three credit options offered are analyzed separately since the three of them have a different impact in the real state project. Moreover, these credit options have diverse effects in the different stages that involve in elaborating a real state project. This is the reason why it is very important to understand the process that takes to create a real state project; from buying the land to giving it to the buyer. Also, understanding these stages helps to determine in which stage is better to use the different funding options that BIESS offers. All this information is used to understand in a precise way the difference between the three credit options and the impact each one of them has on the yield of the project. On the other hand, it’s important to understand that without these financial institutions, this business would be almost impossible to elaborate because it has high investment requirements. The funding from BIESS is measured in terms of amount funding, time that takes for this institution to give the credit, efficiency in the credit, among other. In this way the impact of BIESS in the yield of the project can be analyzed and compared to other financial institutions.