About EDAPROSPO:

Founded in November, 1978, EDAPROSPO (El Equipo de Educacion y Autogestion Social) focuses on advancing the development of Peru's impoverished communities. We work within local communities in an effort to expand low-income Peruvians' knowledge and abilities so that they are able to improve their quality of life and contribute to a better society.

PROSPERIDAD is our lending program that collaborates with Kiva: as of December 2011, we have more than 5,300 borrowers (the majority of whom are women) with a portfolio of $2,1040,000USD. Our organization uses two different types of credit methodologies: communal banks (called communal piggy banks), and individual loans. The communal piggy banks (with an average of nine members) represent 90% of our portfolio.

In addition to our central headquarters, we currently have 6 agencies in the Lima districts of Comas, Vitarte, San Juan de Lurigancho, Huaycan, Los Olivos, and Huarochirí. The first five are located in the urban areas on the outskirts of Lima, with Huarochirí located in a more rural sector of Lima. Our newest office is located in the province of Junín in a city called Huancayo, high in the Andes. 

Join our lending team:"Fans of EDAPROSPO": http://www.kiva.org/team/team_edaprospo

Status update on EDAPROSPO from Kiva Staff on June 18, 2010:

Kiva recently conducted on-site monitoring at EDAPROSPO in order to re-assess the level of risk posed by this institution. The analysts found some improvements in the components that Kiva looks at during our due diligence process and adjusted the rating accordingly from a 3 STAR rating to a 3.5.

Status update on EDAPROSPO from Kiva Staff on September 15, 2009:

Kiva has increased EDAPROSPO’s risk rating from 2 to 3 stars. This decision reflects significant improvements we have observed over the past few months in EDAPROSPO’s management team and structure, financial performance, transparency and general dedication to the integrity of their relationship with Kiva.

Status update on EDAPROSPO from Kiva Staff on July 11, 2009:

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.

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.

Status update on EDAPROSPO from Kiva Staff on April 20, 2009:

During routine partner monitoring at EDAPROSPO, Kiva became aware of certain institutional weaknesses that have caused us to temporarily reduce EDAPROSPO's star rating from 4 to 2. In the coming months, Kiva will continue to work closely with EDAPROSPO and provide additional updates and information as appropriate.