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 $735,950 $575,708,700
Amount of raised Inactive loans $0 $290,425
Number of raised Inactive loans 0 271
Amount of Paying Back Loans $241,275 $119,727,775
Number of Paying Back Loans 201 125,910
Amount of Ended Loans $494,675 $455,690,500
Number of Ended Loans 480 580,665
Delinquency Rate 2.02% 3.38%
Amount in Arrears $3,033 $2,670,459
Outstanding Portfolio $150,326 $78,966,332
Number of loanDelinquent 13 11,306
Default Rate 1.75% 1.09%
Amount of Ended Loans Defaulted $8,658 $4,974,260
Amount of Ended Loans $494,675 $455,690,500
Number of Ended Loans Defaulted 24 15,329
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.69% 0.78%
Amount of Refunded Loans $5,050 $4,479,350
Number of Refunded Loans 4 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.02% 74.23%
Average Loan Size $1,005 $419
Average Individual Loan Size $1,046 $656
Average Group Loan Size $2,685 $1,825
Average number of borrowers per group 4.5 8
Average GDP per capita (PPP) in local country $10,200 $3,440
Average Loan Size / GDP per capita (PPP) 9.86% 12.17%
Average Time to Fund a Loan 11.13 days 5.52 days
Average Dollars Raised Per Day Per Loan $90.35 $75.88
  Average Loan Term 11.6 months 10.25 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 63 286,543
  Journaling Rate 11.95% 42.42%
  Average Number of Comments Per Journal 0.05 0.08
  Average Number of Recommendations Per Journal 0.00 1.93

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 32.00% 20.00% 33.66%
  Profitability (return on assets) 3.4% 1.8% -1.40%
  Average Loan Size (% of per capita income) 40.00% 49.00% 41.35%

Country Fast Facts

Field Partner Staff

Claudia Chavez
Ana Garcia
Elizabeth Lema
Gabriela Pérez