Fundación Alternativa – Ecuador
Partner of LMDF since 2009
The microfinance institution (MFI) Fundacion Alternative has a mission to facilitate entrepreneurship of low-income households. The MFI has successfully met the double challenge of assuring its sustainability and contributing to economic development in urban and remore rural areas with the ultimate aim to improve the quality of the lives of micro entrepreneurs, families and the Ecuadorian community.
Since the first investment of the Luxembourg Microfinance and Development Fund, the MFI has evolved considerably. Its portfolio which totalled USD 2,9 million in 2009 has now reached more than USD 21,2 million end of 2013 and the number of active customers increased from 2,342 in 2009 to 9,114 customers end of 2013.
We congratulate Fundacion Alternativa for this outstanding performance and the excellent collaboration between the Fund and the MFI. Learn more about Fundación Alternativa by visiting their website, recently renewed by clicking here.