Status update — October 10, 2019:

Kiva has moved this Field Partner to paused status which means EDAPROSPO is no longer fundraising loans on Kiva, though Kiva fully expects the partner to repay its outstanding balance to Kiva lenders. EDAPROSPO has been moved to paused status after Kiva repeatedly found issues with EDAPROSPO's operations. Kiva worked with EDAPROSPO to develop a repayment plan for 100% of the outstanding balance over the next 9 months.

Status update — July 24, 2018:

Kiva recently re-assessed the level of risk associated with loans from this Field Partner. During this process, our analysts gathered updated operational and financial information about the institution, spoke with key members of the staff and analyzed the Field Partner’s loan products. As a result, EDAPROSPO's risk rating is now listed as 2.0 stars instead of 3.5 stars. The primary reasons for this change in rating are turnover at the management team and board level and structural changes in the supervisory and accounting functions of EDAPROSPO.

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

Partner Description: ​

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 $16,063,450 $1,592,116,445
Amount of raised Inactive loans $0 $540,550
Number of raised Inactive loans 0 202
Amount of Paying Back Loans $439,125 $163,114,575
Number of Paying Back Loans 182 198,351
Amount of Ended Loans $15,624,325 $1,428,461,320
Number of Ended Loans 7,264 1,888,324
Delinquency Rate 100.00% 17.07%
Amount in Arrears $4,911 $17,337,242
Outstanding Portfolio $4,911 $101,591,417
Number of Loans Delinquent 182 52,936
Default Rate 0.01% 1.69%
Amount of Ended Loans Defaulted $1,157 $24,149,199
Number of Ended Loans Defaulted 2 60,162
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $661 $6,915,950
Refund Rate 0.82% 0.59%
Amount of Refunded Loans $132,500 $9,457,725
Number of Refunded Loans 44 8,817

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 89.36% 77.41%
Average Loan Size $364 $392
Average Individual Loan Size $616 $601
Average Group Loan Size $2,619 $1,800
Average number of borrowers per group 7.4 8
Average GDP per capita (PPP) in local country $12,000 $5,685
Average Loan Size / GDP per capita (PPP) 3.04% 6.90%
Average Time to Fund a Loan 3.58 days 8.06 days
Average Dollars Raised Per Day Per Loan $101.76 $48.64
  Average Loan Term 5.81 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 5,204 969,614
  Journaling Rate 59.97% 42.44%
  Average Number of Comments Per Journal 0.06 0.03
  Average Number of Recommendations Per Journal 0.83 0.68

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 41% PY 29.00% PY 26.61% PY
  Profitability (return on assets) 1.7% 1.4% -0.35%
  Average Loan Size (% of per capita income) 7.80% 42.00% 11.35%

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
Robert Mittelman
Karina Pecho Ordaya
Maricruz Valerio Milla
Lidia Milagros Vasquez Henostroza
Gledy Lisbet Vilchez Alva