Anita Sabino

Thank you for your loan. It has been disbursed to Anita Sabino by EDAPROSPO in Peru. We are excited to watch this business grow. Over the next 6 months, EDAPROSPO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Anita Sabino has been working at her roadside food stall for the past 16 years. She prepares ceviche (a common Peruvian dish composed of raw fish soaked in a lemon juice sauce and served with onions, cilantro, and a slice of yucca) and her stall is located in a broader street market in Comas, Peru. She is married with two sons aged 26 & 27.

She used the money you loaned her to buy plates and more food for her business. While before she sold only ceviche (which has a low profit margin), she can now offer a varied menu every day. Within that menu, she has also expanded her offerings to include prepared food that has a greater profit potential. With the investment provided by the loan, her monthly profits have risen considerably, from 1100 soles previously to 1600 soles now. With her next loan she is likely to add salchipapas (mixture of sliced hot dogs and French fries eaten with ketchup and mayonnaise or aji- Peruvian chiles) and anticuchos (skewered meat, usually cow heart), two more traditional Peruvian dishes with even greater profit potential. Her eventual goal is still to open up a restaurant off the street so she can have greater security and have a solid location.

She thanks you for the loan and little-by-little, she will be growing her business and hopefully one day achieving her dream of a restaurant. Already this loan has helped her along that path.

I have included a video clip of her at her stall here. Please note that my camera does not capture sound but if it could, you would easily tell that this is a busy street market.

One quick note: EDAPROSPO is waiting until the end of the loan to write their journal updates. In this way, they hope to be able to show you a ‘social impact’ of a loan, something that may be hard to assess only a month after receiving the loan. They thank you for your support of their clients. If you would like to see other clients currently fundraising via EDAPROSPO, please click here.

During a routine audit of Field Partner EDAPROSPO, Kiva discovered a number of discrepancies between the information posted to the Kiva website and what actually occurred on the ground. Specifically, many loans uploaded to the website before December 2008 contain inaccurate loan amounts, terms and/or loan uses.

This is in violation of Kiva policy, and as such, as soon as we were alerted to a possible violation we placed EDAPROSPO on "pause." After placing them on pause, Kiva proceeded to execute a complete verification of every loan EDAPROSPO posted to the Kiva website; in total we examined 757 loans.

As a result of our audit, we have discovered that 52% of the loans posted to the Kiva website by field partner EDAPROSPO contain data inaccuracies. 98% of these inaccuracies pertain to loans posted to the Kiva website before December 2008, when EDAPROSPO was under a different management team. After significant management turnover at the end of 2008, almost all loans on the Kiva website contain complete and accurate information and these loans comprise only 2% of the total discovered inaccuracies.

You are receiving this email as we wanted to alert you that, after our verification efforts, Kiva cannot confirm that the specific loan you funded was actually disbursed. We can, however, confirm that the person you lent to is an EDAPROSPO borrower. Because EDAPROSPO has decided to guarantee all loans made on Kiva, you have continued to receive repayments on schedule.

Because the new management team has proven that they are committed to providing accurate and transparent information to the Kiva website, and because they have repaid almost all of the inaccurate loans on-time, Kiva has decided to re-open the Kiva-EDAPROSPO relationship. During this new "pilot" phase on Kiva, we will be working closely with the new EDAPROSPO team, including their internal and external auditors, to continually verify new EDAPROSPO loans posted to Kiva, and if we are alerted to any new inaccuracies we will pause their relationship with Kiva and follow-up accordingly.

If you have any questions, please visit Kiva's Help Center at http://www.kiva.org/about/help.