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

PROSPERIDAD is its microlending program that collaborates with Kiva. As of December 2012, EDAPROSPO had more than 5,600 borrowers (87% of whom are women) with a portfolio of US$2.7 million. The organization uses two different types of credit methodologies: Communal Banks (called communal piggy banks), and individual loans.

The Communal Banks are made up on average of nine members and represent 70% of the portfolio. The main characteristic of the Communal Bank loan product is its flexibility with interest rate, amount and term which can be customized to the client’s needs and background. Other important Communal Bank characteristics are the thorough client attention provided by loan officers, the promotion of the organization’s values and the development of a savings culture directly managed by the clients themselves.

The microlending program’s market niche is made up of small and micro business owners, in the majority entrepreneurial women located in marginalized urban and rural areas of Peru and pertaining to low-income social classes. They mainly focus their economic activities on the commerce and service sectors with a minority having productive related jobs including artisanship and farming.

In addition to central headquarters, EDAPROSPO currently has 7 branches 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. The newest office is located in the province of Junín in a city called Huancayo, high in the central Peruvian Andean mountain range.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 26, 2007 Oct 12, 2005
Total Loans $8,324,750 $643,637,600
Amount of raised Inactive loans $0 $905,700
Number of raised Inactive loans 0 796
Amount of Paying Back Loans $683,575 $125,634,350
Number of Paying Back Loans 296 138,485
Amount of Ended Loans $7,641,175 $517,097,550
Number of Ended Loans 3,798 648,022
Delinquency Rate 0.00% 4.74%
Amount in Arrears $0 $3,905,667
Outstanding Portfolio $492,039 $82,314,404
Number of loanDelinquent 0 15,674
Default Rate 0.00% 1.10%
Amount of Ended Loans Defaulted $0 $5,693,092
Amount of Ended Loans $7,641,175 $517,097,550
Number of Ended Loans Defaulted 0 17,486
Currency Exchange Loss Rate 0.00% 0.12%
Amount of Currency Exchange Loss $12 $783,507
Refund Rate 0.47% 0.72%
Amount of Refunded Loans $39,175 $4,605,450
Number of Refunded Loans 14 5,145

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 90.78% 74.17%
Average Loan Size $336 $418
Average Individual Loan Size $512 $655
Average Group Loan Size $2,653 $1,840
Average number of borrowers per group 8.1 8
Average GDP per capita (PPP) in local country $6,715 $3,405
Average Loan Size / GDP per capita (PPP) 5.00% 12.26%
Average Time to Fund a Loan 5.11 days 5.96 days
Average Dollars Raised Per Day Per Loan $65.63 $70.06
  Average Loan Term 5.21 months 10.58 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,829 320,234
  Journaling Rate 59.29% 42.09%
  Average Number of Comments Per Journal 0.07 0.07
  Average Number of Recommendations Per Journal 1.04 1.73

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 41% PY 29.00% PY 33.35% PY
  Profitability (return on assets) -4.6% 1.4% -1.49%
  Average Loan Size (% of per capita income) 7.80% 42.00% 38.01%

Country Fast Facts

Field Partner Staff

Christian Josue Aguilar Cabezas
Katherine Fabiola Cahuana Juarez
Eduarda Carmo Vaz
Melissa Cerron
Karina Magali Córdova Carhuapoma
William Espinoza Suarez
Claudia Elvira García Campo
Maria Elena Lengua Toledo
Abraham Medina Naupari
Veronica Munive Huaylinos
Karina Pecho Ordaya
Daisy Paola Rodriguez Balmaceda
Zoraida Zulema Rosales Mori
Maricruz Valerio Milla
Harris Vargas Palomino
Milagros Vasquez
David Venegas