Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status Update - February 2020

Kiva and Edpyme Alternativa have agreed to end their partnership after 10 years and more than $7 million in loans raised. This partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Edpyme Alternativa for the years of collaboration and wish them success in their future endeavors.

October 2010

EDPYME Alternativa became a field partner in September 2009. EA was interested in using Kiva's interest free capital to expand services to underserved populations, specifically borrowers living in rural areas where access to capital is extremely limited. EA created a new product, Capital Semilla, small loans exclusively funded through Kiva.

Mission & Action:

EA’s mission is to develop and provide competitive financial services to small and micro entrepreneurs. In completion of the mission, EA believes it is necessary to be a sustainable institution and a leader in the microfinance sector of Peru. The institution’s core values are honesty, loyalty, respect, cooperation and service. Through the efforts of its dedicated staff across more than twelve branches, EA serves marginalized rural and urban populations in northern Peru, with an expanding presence in northeastern Peru as well as the capital city of Lima.

EA operates based on highly organized and efficient protocols – from borrower identification to risk analysis. They offer a number of financing products including short-term business loans (less than 3 months), medium-term business loans (less than 36 months), agricultural loans, auto loans, and home improvement loans and mortgages.

EA works hard to ensure its clients are well informed of the products, policies and options that are presented to them. One especially useful tool for potential borrowers is the Loan Simulator, which is published on the website and used by each loan officer in reviewing the costs of the credit.

Non-Financial Services:

In addition to offering financial products, EA also provides the following products and services to its clients:
• Low-cost insurance against the principal of the loan in case of death or disability provided by INVITA insurance
• Micro insurance product, Viviendo Seguro, which provides limited protection against injury and disability
Surety bonds for contractors and other entrepreneurs
Money transfers through Western Union
•">Vehicular liability insurance
• Forwarding of free business, technology and agricultural workshops provided by the Chamber of Commerce of Lambayeque.
• Donation collection after natural disasters or extreme weather.

To maintain their presence in the community, EA also holds an annual “Chocolatada” near Christmas time. For the Chocolatada, EA selects a disadvantaged population in the area and holds a large reunion in their neighborhood. EA brings the majority of its staff into the community and gives out presents, food and other assistance to the residents. The event turns into a lively and lovely party, in which the staff of EA and community members share stories and food, getting to know each other better.


In 1993 the Chamber of Commerce of Lambayeque formed an agreement with the Inter-American Development Bank (IADB) to begin a program to offer financial services and technical assistance to small and micro enterprises. As a part of the program the group distributed credit to small businesses for a period of 8 years. At the end of the eight years, they decided to separate the microfinance wing from the Chamber and institutionalize it. Therefore the Chamber organized with the SBS (Peruvian Superintendent of Banks and Insurers) to open an Entity for the Development of the Small and Microenterprise (EDPYME) and in September 2001 EDPYME Alternativa was born with the Chamber as the majority shareholder.

Organization as an EDPYME brings EA under the regulatory umbrella of the SBS. EA must report on a regular basis to the SBS and adhere to its regulations. Adherence earns EA credibility and access to SBS credit rating database.

Support EDPYME's Alternativa's mission by joining our lending team: Friends of Edpyme Alternativa.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Aug 11, 2009 Oct 12, 2005
Total Loans $7,600,100 $1,960,332,725
Amount of raised Inactive loans $0 $363,745
Number of raised Inactive loans 0 340
Amount of Paying Back Loans $0 $155,574,760
Number of Paying Back Loans 0 179,650
Amount of Ended Loans $7,600,100 $1,774,353,705
Number of Ended Loans 12,930 2,381,315
Delinquency Rate 0.00% 11.63%
Amount in Arrears $0 $10,909,601
Outstanding Portfolio $0 $93,825,344
Number of Loans Delinquent 0 45,861
Default Rate 0.44% 1.82%
Amount of Ended Loans Defaulted $33,717 $32,353,274
Number of Ended Loans Defaulted 121 84,927
Currency Exchange Loss Rate 0.09% 0.49%
Amount of Currency Exchange Loss $6,543 $12,023,352
Refund Rate 0.19% 0.54%
Amount of Refunded Loans $14,600 $10,526,300
Number of Refunded Loans 29 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 48.10% 78.24%
Average Loan Size $588 $392
Average Individual Loan Size $588 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $12,000 $5,599
Average Loan Size / GDP per capita (PPP) 4.90% 7.00%
Average Time to Fund a Loan 10.86 days 8.93 days
Average Dollars Raised Per Day Per Loan $54.10 $43.86
  Average Loan Term 11.31 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 3,738 1,181,163
  Journaling Rate 24.38% 42.24%
  Average Number of Comments Per Journal 0.01 0.02
  Average Number of Recommendations Per Journal 0.21 0.57

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 37% PY 29.00% PY 27.02% PY
  Profitability (return on assets) 0.8% 1.4% -3.10%
  Average Loan Size (% of per capita income) N/A 42.00% 0.00%

Country Fast Facts

Lending Partner Staff