Denia

Thank you for your loan. It has been disbursed to Denia by EDAPROSPO in Peru. We are excited to watch this business grow. Over the next 4 months, EDAPROSPO will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Mariscal Cáceres o Bayóvar, SJL.

Poder contar con un mayor capital y así adquirir mucho más producto a un menor precio, lo que aumentaría sus ganancias.

Con sus 55 años, 8 de ellos con su tienda, la labor que desempeña la señora Denia es admirable desde todo punto de vista. Porque ha tenido que ingeniárselas para poder darle a sus hijos lo mejor que pueda acorde con sus posibilidades, por lo cual ha venido desarrollando un sinnúmero de actividades: venta de salchipapa, lavado de ropa a domicilio, etc., es decir, todo en afán de la crianza de sus 4 hijos (aunque 2 de ellos ya mayores: de 29 y 24 años; los otros 2, menores, de 18 y 14 años, a quienes les solventa su educación). A pesar del tremendo esfuerzo en más de 25 años como madre, aún no puede terminar de construir su pequeña casa, yendo esto en detrimento de la calidad de vida de su familia y productividad de los negocios que expende desde y en casa, anhelando la finalización de su casa como tal.

Con ánimos de implementarse de insumos necesarios para afrontar la venidera campaña navideña, la señora Denia va a necesitar de 300 soles, lo que le serviría como sustento a su capital en pos de mercadería y optimizando su nivel de ganancias.

This update has been provided by a new staff member at EDAPROSPO, Darwin dedicated to their clients on KIVA. As he speaks only Spanish, I suggest using Google Translate or a similar free service to translate this update. If you see only a Kiva symbol, please click it to view a high-quality, up-to-date photo of the entrepreneur.

One quick note, EDAPROSPO is waiting until the end of the loan cycle to provide updates on the entrepreneurs. In this way, they hope that you can gain a better understanding of the social impact of the loan. If you would like to support other currently fundraising loans of EDAPROSPO clients on Kiva, please click here.

I recently had the opportunity to visit the EDAPROSPO client you lent to and have posted a video on YouTube of our interaction. If the embedded video does not show up, please visit the YouTube location here: http://www.youtube.com/watch?v=mcc9K3zeJNo

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Enjoy!

Kiva Fellow Josh Bull

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.