Financial evaluation of annatto paste production from ancestral knowledge in Manta Blanca

Abstract

The study consists of a financial evaluation to determine the feasibility of the production of annatto paste from ancestral knowledge in Manta Blanca of the canton of May 24. Experimental field research was applied as a methodology, through the applicationof an open interview to a peasant woman from said town, knowledgeable about ancestral knowledge, with the aim of rescuing traditional knowledge and consequently producing traditional coffee, which served to drink data and consequently to be able to determine the feasibility of the production of the ancestral annatto paste; Tools such as financial analysis and financial evaluation methods of net present value, benefit-cost ratio and internal rate of return were used. The results were the description of the annatto paste production process, the financial analysis and the financial evaluation of the annatto paste production yielded a NPV of 718.05, a B / C ratio of 1.07 and an IRR of 28. 25%. According to the indicators obtained, it could be concluded that therecovery of ancestral knowledge for the production of traditional achiote paste is feasible to be implemente