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

Prisma de Honduras, S.A. : “Préstamos que cambian vidas”. This translates literally to “Loans that change lives”, the well-known Kiva slogan.

One of Kiva’s first field partners, Prisma de Honduras, S.A. joined the Kiva family in 2008 in an effort to expand the institution’s funding sources, and to promote the Kiva concept in Honduras. Prisma de Honduras, S.A. is a for-profit institution, a member of the holding company Prisma Microfinance Inc., which is based in Boston, USA.

Prisma Microfinance, Inc. entered Honduras’ microfinance market as a new loan provider in February of 2004. The initiative began as a microfinance program in FINACOOP, a local agricultural cooperative, under an administrative agreement valid until July of 2006. After September of 2006 Prisma began to function as an independent company, aimed at expanding its operations through low cost business and service centers, and under its own organizational structure promoting a strong operational team to achieve its goals. Currently it is in a process of strengthening its operations and foundations.

PRISMA’s primary niche in the marketplace is micro and small entrepreneurs in the commercial, production, and service centers. It also targets individual wage/salary earners. Prisma provides loans for amounts between 5,000 Lps (~US$270) and 200,000 Lps.(~US$10,800); clients who receive loans for under 22,000Lps (~$1200) for commercial use and/or asset acquisition are eligible to be posted on the Kiva website.

PRISMA is a member of the Red de Microfinancieras de Honduras (REDMICROH), a national networking organization that unites member microfinance organizations to promote strong and stable service within the industry in Honduras. In 2008 the national magazine Miroempresas & Microfinanzas recognized Prisma with the “Premio Impulso MicroEmpresarial” for their work in supporting the development of MIPYMEs. 

As of September 2011, PRISMA has a total of 17 employees, 8 of whom are loan advisors. They operate out of four offices, serving four departments (Francisco Morazán, El Paraíso, Valle, and Choluteca). Its branches are located in the following cities:

  • Tegucigalpa
  • Danlí
  • San Lorenzo
  • Choluteca

PRISMA is also a Kiva lender! http://www.kiva.org/lender/prismahonduras

Check out the Prisma lending team: http://www.kiva.org/team/prisma_honduras

For all Prisma loans currently fundraising on Kiva, click here


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 3, 2008 Oct 12, 2005
Total Loans $2,573,300 $616,373,350
Amount of raised Inactive loans $325 $385,725
Number of raised Inactive loans 1 556
Amount of Paying Back Loans $383,575 $121,828,475
Number of Paying Back Loans 540 131,473
Amount of Ended Loans $2,189,400 $494,159,150
Number of Ended Loans 3,401 624,120
Delinquency Rate 4.00% 4.30%
Amount in Arrears $9,465 $3,383,431
Outstanding Portfolio $236,672 $78,638,819
Number of loanDelinquent 63 15,752
Default Rate 0.54% 1.10%
Amount of Ended Loans Defaulted $11,779 $5,427,079
Amount of Ended Loans $2,189,400 $494,159,150
Number of Ended Loans Defaulted 62 16,892
Currency Exchange Loss Rate 0.01% 0.10%
Amount of Currency Exchange Loss $384 $614,667
Refund Rate 0.20% 0.74%
Amount of Refunded Loans $5,100 $4,567,000
Number of Refunded Loans 9 5,104

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 71.99% 74.24%
Average Loan Size $507 $419
Average Individual Loan Size $579 $655
Average Group Loan Size $1,166 $1,835
Average number of borrowers per group 3.3 8
Average GDP per capita (PPP) in local country $4,200 $3,415
Average Loan Size / GDP per capita (PPP) 12.07% 12.26%
Average Time to Fund a Loan 8.33 days 5.75 days
Average Dollars Raised Per Day Per Loan $60.84 $72.82
  Average Loan Term 9.68 months 10.46 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,621 307,660
  Journaling Rate 64.33% 42.28%
  Average Number of Comments Per Journal 0.03 0.07
  Average Number of Recommendations Per Journal 1.05 1.80

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 43% PY 36.00% PY 33.15% PY
  Profitability (return on assets) 3.8% 2.2% -1.29%
  Average Loan Size (% of per capita income) 40.60% 41.00% 38.08%

Country Fast Facts

Field Partner Staff

Luis Andero
David Castellanos
Roberto Diaz
Juan Octavio Espino
Ramon Fernando Perez
Evelyn Flores
Denis Adalid Garcia
Luis Garcia
Miguel Lazo
Reyna Elizabeth Leberon
Filadelfo Mahoudeau
José Carlos Martinez
Marco Nuñez
Marcos Antonio Osorto
Alma Reyes
Yadira Reyes
Elias Rivas
Katte Romero
Fabricio Sandoval
Orbelina Valeriano
Susan Velazquez Tegus
Edgar Ramon Zelaya