Last updated April 25, 2013

Partner Description:

Fundación Alternativa
is a non-profit organization in Ecuador that supports small-scale entrepreneurs and provides sustainable financial and non-financial services to vulnerable communities. The organization aims to promote social, economic, and ecological development to improve people’s lives.



To make this possible, Fundación Alternativa has developed a number of programs for low-income clients. In addition to microcredit, it provides education and training in various fields, technical assistance, supply chain and marketing support, and local economic development services. It does so through local organizations with community roots like parish councils.



Since 1991, Fundación Alternativa has worked to strengthen Ecuador’s microfinance industry through the creation of both
Banco Solidario, which focuses on microfinance, and later, the first training center specializing in microcredit methodology.



In 2012, Fundación Alternativa created a microfinance program of its own to offer 12 microcredit products and reach urban, rural and marginalized clients in Pichincha, Santo Domingo de los Tsáchilas, Cotopaxi  and Imbabura. The organization is proud to serve a customer base that is both 62% women and 56% rural.

Images courtesy of Fundación Alternativa.



Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 5, 2011 Oct 12, 2005
Total Loans $761,175 $592,993,000
Amount of raised Inactive loans $0 $779,925
Number of raised Inactive loans 0 606
Amount of Paying Back Loans $237,875 $117,040,575
Number of Paying Back Loans 199 124,358
Amount of Ended Loans $523,300 $475,172,500
Number of Ended Loans 504 603,009
Delinquency Rate 2.42% 3.96%
Amount in Arrears $3,471 $2,989,208
Outstanding Portfolio $143,686 $75,562,521
Number of loanDelinquent 14 11,915
Default Rate 1.85% 1.12%
Amount of Ended Loans Defaulted $9,688 $5,344,932
Amount of Ended Loans $523,300 $475,172,500
Number of Ended Loans Defaulted 27 16,810
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $538,749
Refund Rate 0.66% 0.77%
Amount of Refunded Loans $5,050 $4,537,625
Number of Refunded Loans 4 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.01% 74.19%
Average Loan Size $1,010 $418
Average Individual Loan Size $1,049 $656
Average Group Loan Size $2,685 $1,828
Average number of borrowers per group 4.5 8
Average GDP per capita (PPP) in local country $10,200 $3,429
Average Loan Size / GDP per capita (PPP) 9.90% 12.19%
Average Time to Fund a Loan 11.19 days 5.61 days
Average Dollars Raised Per Day Per Loan $90.22 $74.53
  Average Loan Term 11.74 months 10.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 68 296,539
  Journaling Rate 12.40% 42.37%
  Average Number of Comments Per Journal 0.04 0.08
  Average Number of Recommendations Per Journal 0.00 1.87

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% PY 20.00% PY 33.27% PY
  Profitability (return on assets) 3.4% 1.8% -1.45%
  Average Loan Size (% of per capita income) 40.00% 49.00% 40.88%

Country Fast Facts

Field Partner Staff

Claudia Chavez
Ana Garcia
Elizabeth Lema
Gabriela Pérez