Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

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 $939,150 $653,330,725
Amount of raised Inactive loans $0 $314,575
Number of raised Inactive loans 0 215
Amount of Paying Back Loans $314,675 $126,555,600
Number of Paying Back Loans 263 139,551
Amount of Ended Loans $624,475 $526,460,550
Number of Ended Loans 596 658,840
Delinquency Rate 1.91% 5.25%
Amount in Arrears $3,821 $4,307,962
Outstanding Portfolio $200,308 $82,072,687
Number of Loans Delinquent 13 16,236
Default Rate 1.66% 1.11%
Amount of Ended Loans Defaulted $10,372 $5,860,322
Amount of Ended Loans $624,475 $526,460,550
Number of Ended Loans Defaulted 30 17,624
Currency Exchange Loss Rate 0.00% 0.14%
Amount of Currency Exchange Loss $0 $895,125
Refund Rate 0.68% 0.71%
Amount of Refunded Loans $6,425 $4,635,325
Number of Refunded Loans 5 5,162

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.01% 74.19%
Average Loan Size $1,032 $417
Average Individual Loan Size $1,066 $655
Average Group Loan Size $2,685 $1,842
Average number of borrowers per group 4.5 8
Average GDP per capita (PPP) in local country $10,200 $3,402
Average Loan Size / GDP per capita (PPP) 10.12% 12.27%
Average Time to Fund a Loan 11.97 days 6.02 days
Average Dollars Raised Per Day Per Loan $86.23 $69.32
  Average Loan Term 11.99 months 10.6 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 105 323,772
  Journaling Rate 15.14% 41.85%
  Average Number of Comments Per Journal 0.03 0.07
  Average Number of Recommendations Per Journal 0.00 1.71

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 25% PY 20.00% PY 33.02% PY
  Profitability (return on assets) 4.3% 1.8% -0.68%
  Average Loan Size (% of per capita income) 40.00% 49.00% 36.66%

Country Fast Facts

Field Partner Staff

María Laura Beltrán
Ana Garcia
Elizabeth Lema
Gabriela Pérez
Andrea Rojas