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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 $8,386,475 $653,744,200
Amount of raised Inactive loans $0 $263,175
Number of raised Inactive loans 0 185
Amount of Paying Back Loans $651,475 $126,902,700
Number of Paying Back Loans 291 139,763
Amount of Ended Loans $7,735,000 $526,578,325
Number of Ended Loans 3,835 659,099
Delinquency Rate 0.00% 5.18%
Amount in Arrears $0 $4,266,818
Outstanding Portfolio $421,122 $82,415,836
Number of Loans Delinquent 0 16,065
Default Rate 0.00% 1.11%
Amount of Ended Loans Defaulted $0 $5,864,509
Amount of Ended Loans $7,735,000 $526,578,325
Number of Ended Loans Defaulted 0 17,634
Currency Exchange Loss Rate 0.00% 0.14%
Amount of Currency Exchange Loss $12 $895,125
Refund Rate 0.47% 0.71%
Amount of Refunded Loans $39,175 $4,635,325
Number of Refunded Loans 14 5,162

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 90.75% 74.19%
Average Loan Size $336 $417
Average Individual Loan Size $513 $655
Average Group Loan Size $2,650 $1,842
Average number of borrowers per group 8.1 8
Average GDP per capita (PPP) in local country $6,715 $3,402
Average Loan Size / GDP per capita (PPP) 5.00% 12.27%
Average Time to Fund a Loan 5.09 days 6.02 days
Average Dollars Raised Per Day Per Loan $65.98 $69.30
  Average Loan Term 5.22 months 10.6 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,863 323,948
  Journaling Rate 59.30% 41.86%
  Average Number of Comments Per Journal 0.07 0.07
  Average Number of Recommendations Per Journal 1.02 1.71

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 40% PY 29.00% PY 33.02% PY
  Profitability (return on assets) -4.5% 1.4% -0.68%
  Average Loan Size (% of per capita income) 7.80% 42.00% 36.66%

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

Kiva Fellow(s)

Cassandra Salcedo