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

Status update — October 12, 2016

During recent monitoring, Kiva staff uncovered evidence of poor organizational performance and portfolio quality at Fundación Alternativa. As a result, Kiva has chosen to restrict this organization's ability to fundraise for new loans as these concerns are investigated. Kiva continues to work to understand the cause of these issues, with the goal of recovering funds still owed to Kiva lenders, and will share additional information with lenders as it becomes available.


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.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 5, 2011 Oct 12, 2005
Total Loans $1,407,575 $874,960,175
Amount of raised Inactive loans $0 $710,400
Number of raised Inactive loans 0 536
Amount of Paying Back Loans $267,475 $136,648,425
Number of Paying Back Loans 188 167,060
Amount of Ended Loans $1,140,100 $737,601,350
Number of Ended Loans 1,043 916,439
Delinquency Rate 19.93% 8.46%
Amount in Arrears $25,025 $7,476,165
Outstanding Portfolio $125,570 $88,321,485
Number of Loans Delinquent 174 22,435
Default Rate 1.86% 1.32%
Amount of Ended Loans Defaulted $21,237 $9,707,641
Number of Ended Loans Defaulted 71 27,160
Currency Exchange Loss Rate 0.00% 0.44%
Amount of Currency Exchange Loss $0 $3,823,595
Refund Rate 1.25% 0.65%
Amount of Refunded Loans $17,575 $5,700,625
Number of Refunded Loans 11 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.71% 74.90%
Average Loan Size $1,101 $407
Average Individual Loan Size $1,129 $640
Average Group Loan Size $2,685 $1,805
Average number of borrowers per group 4.5 7.8
Average GDP per capita (PPP) in local country $10,600 $5,934
Average Loan Size / GDP per capita (PPP) 10.39% 6.86%
Average Time to Fund a Loan 13.21 days 6.92 days
Average Dollars Raised Per Day Per Loan $83.39 $58.85
  Average Loan Term 12.81 months 11.06 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 176 447,300
  Journaling Rate 15.08% 41.58%
  Average Number of Comments Per Journal 0.02 0.05
  Average Number of Recommendations Per Journal 0.00 1.27

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 30% PY 20.00% PY 26.87% PY
  Profitability (return on assets) 2% 1.8% -0.78%
  Average Loan Size (% of per capita income) 40.00% 49.00% 18.82%

Country Fast Facts

Field Partner Staff

Ana Garcia
Kacki Kammann
Elizabeth Lema
Gabriela Pérez
Andrea Rojas