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:

FUNDA-PRO is a nonprofit organization considered to be one of Bolivia’s leading financial institutions focused on developing Bolivia’s rural business sector. Established in 1992, FUNDA-PRO raised enough capital to grow its offerings and geographic footprint. In the process, it became instrumental in the development of Bolivia’s microfinance sector, providing funding to many emerging MFIs.

Among the many programs that FUNDA-PRO manages, one of the most prominent is EDUCA-PRO. Established in 1996, it was created to offer loans at flexible rates and terms to students who couldn’t otherwise graduate due to financial constraints. EDUCA-PRO’s goalis to bridge the gap between Bolivia’s education sector and job market by providing students with the resources they need to gain skills and complete their degrees.

A unique lending approach

Today with Kiva’s help, EDUCA-PRO will be able to expand its outreach in remote and rural areas, supporting students in their pursuit of degrees and jobs to help their families. EDUCA-PRO will also be offering a unique “start-up” loan product that will enable recent university graduates to set up their own businesses. The goal is to incentivize entrepreneurship among young people in Bolivia.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 19, 2013 Oct 12, 2005
Total Loans $111,875 $686,473,350
Amount of raised Inactive loans $0 $721,750
Number of raised Inactive loans 0 486
Amount of Paying Back Loans $100,475 $129,314,375
Number of Paying Back Loans 63 143,658
Amount of Ended Loans $11,400 $556,437,225
Number of Ended Loans 6 694,294
Delinquency Rate 0.00% 6.35%
Amount in Arrears $0 $5,320,425
Outstanding Portfolio $78,351 $83,802,985
Number of Loans Delinquent 0 16,727
Default Rate 0.00% 1.10%
Amount of Ended Loans Defaulted $0 $6,122,435
Amount of Ended Loans $11,400 $556,437,225
Number of Ended Loans Defaulted 0 18,804
Currency Exchange Loss Rate 0.00% 0.21%
Amount of Currency Exchange Loss $0 $1,443,368
Refund Rate 0.00% 0.69%
Amount of Refunded Loans $0 $4,738,225
Number of Refunded Loans 0 5,263

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 46.58% 74.26%
Average Loan Size $1,621 $416
Average Individual Loan Size $1,621 $655
Average Group Loan Size $0 $1,838
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $2,817 $3,378
Average Loan Size / GDP per capita (PPP) 57.56% 12.32%
Average Time to Fund a Loan 6.23 days 6.11 days
Average Dollars Raised Per Day Per Loan $260.20 $68.09
  Average Loan Term 36.78 months 10.68 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 338,579
  Journaling Rate 0.00% 41.56%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.64

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 9% APR 20.00% PY 32.11% PY
  Profitability (return on assets) -0.6% 1.5% -1.96%
  Average Loan Size (% of per capita income) N/A 88.00% 19.61%

Country Fast Facts

Field Partner Staff

Fernando Aguilar
Nadia Alcazar García
Elisa Angulo Torrico
Edgar Arias Alcázar
Sergio Buitrago Burgoa
Lorena Dávila López
Miguel Durán Molina
Jhonny Espejo Ticona
Nely La Mar Velasco
Roly Marica Balcazar
Daniela Murillo Quiroga
Oscar Olmos Ramirez
Marco Antonio Salinas Pereira