EDAPROSPO | MFIs in Peru

Data provided through EDAPROSPO

Gross Loan Portfolio USD, 2011: 2.1 million

Number of active borrowers 2011: 5,369

Average loan balance per borrower USD, 2011: 395.9

Deposits USD, 2011: 0.0

Assets USD, 2011: 2.4 million

Number of depositors 2011: 0

Mission:

EDAPROSPO: "Promovemos iniciativas y capacidades para contribuir al desarrollo humano y una sociedad democratica" PROSPERIDAD: "“Contribuir al desarrollo de los microempresarios más pobres del Perú, mediante la prestación de servicios financieros de calidad que satisfagan sus ... Read more

Background and Main Challenges:

• Obtención de financiamiento para coberturar metas de crecimiento. • Mejora de procesos (Estandarización) • Profundización de intervención • Mayor cobertura a mujeres pobres

Address:

Octavio Bernal 598 Jesus Maria

Lima

Peru

Phone:

(511) 460-4572

Fax:

(511) 463-4173

Email:

edaprospo [at] edapr [dot] org [dot] pe

Website:

www.edapr.org.pe

Products and Services:

Loans

Services Provided:

Business Development Services

Education

Other

Looking for (Investment Types):

Loans in Local Currency

Loans in US$

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 1993

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
+ Development goals (ranked by importance)
+ Poverty targets
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises	1
Loans for education	1
+ Savings products offered
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
Enterprise skills development	1
Business development services	1
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
Leadership training for women	1
+ Products and services targeting the poor
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
+ Social responsibility to staff
+ Human resources
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
+ Social responsibility to the environment
+ Poverty measurement tools in use
Grameen Progress out of Poverty Index (PPI)
Housing index
Means test