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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 $12,757,950 $974,373,275
Amount of raised Inactive loans $0 $467,200
Number of raised Inactive loans 0 226
Amount of Paying Back Loans $1,072,850 $146,999,875
Number of Paying Back Loans 521 183,418
Amount of Ended Loans $11,685,100 $826,906,200
Number of Ended Loans 5,700 1,039,590
Delinquency Rate 0.00% 8.26%
Amount in Arrears $0 $7,890,178
Outstanding Portfolio $670,519 $95,554,586
Number of Loans Delinquent 0 20,311
Default Rate 0.00% 1.39%
Amount of Ended Loans Defaulted $0 $11,517,049
Number of Ended Loans Defaulted 0 33,034
Currency Exchange Loss Rate 0.01% 0.45%
Amount of Currency Exchange Loss $661 $4,428,499
Refund Rate 0.31% 0.61%
Amount of Refunded Loans $39,175 $5,967,400
Number of Refunded Loans 14 5,984

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 89.18% 75.40%
Average Loan Size $351 $399
Average Individual Loan Size $597 $629
Average Group Loan Size $2,552 $1,759
Average number of borrowers per group 7.5 7.7
Average GDP per capita (PPP) in local country $12,000 $5,874
Average Loan Size / GDP per capita (PPP) 2.92% 6.79%
Average Time to Fund a Loan 3.98 days 6.9 days
Average Dollars Raised Per Day Per Loan $87.98 $57.75
  Average Loan Term 5.75 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4,205 509,005
  Journaling Rate 60.60% 41.50%
  Average Number of Comments Per Journal 0.06 0.05
  Average Number of Recommendations Per Journal 0.83 1.16

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 43% PY 29.00% PY 26.13% PY
  Profitability (return on assets) 2.3% 1.4% -1.72%
  Average Loan Size (% of per capita income) 7.80% 42.00% 16.65%

Country Fast Facts

Field Partner Staff

Juana Elizabeth Albornoz Rodriguez
Soledad Ayala Flores
Carlos Luciano Butrón Torres
Eduarda Carmo Vaz
Karith Lia Curi Riveros
William Espinoza Suarez
Jonathan Estrada Estrada
Nilda Vidalina Huaman Sandoval
Mariella Beatriz Huaylinos Sanchez
Maria Elena Lengua Toledo
Karina Pecho Ordaya
Maricruz Valerio Milla
Lidia Milagros Vasquez Henostroza
Gledy Lisbet Vilchez Alva