Financial inclusion a determining factor in business

Abstract

The purpose of this article was to determine the factor that has the greatest impact on the financial inclusion of businesses. The financial inclusion model was composed of the factors: Financial education, financial system, financial products and financial benefits. It was an exploratory descriptive research, with a non-experimental design of a cross- sectional nature with a quantitative approach. The study was carried out in a sample of 83 students from the Faculty of Business Sciences of the Private University of Tacna. The survey technique was implemented, with a measurement scale of the Likert scale type. The reliability of the instrument was high with a Cronbach's Alpha value of (0.937). A response rate of 95% was obtained from the virtual questionnaire. The results revealed that the multiple regression model was significant and that the associated factors explain 55.2% of the variability of financial inclusion. It is concluded that the financial education factor is the one that has the greatest impact on financial inclusion in business.