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

June 9, 2020 - COVID-19 Update:

Kiva has been in contact with Prisma Honduras to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.

While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. Honduras has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole. 

As a result, borrowers and Prisma Honduras may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it’s possible that lenders will see a delay in repayments and new loans posted by Prisma Honduras. As an impact-first funder, Kiva is committed to serving our Field Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover. 

Kiva is working closely with Prisma Honduras to support them and their borrowers through the COVID-19 crisis. Prisma Honduras is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and Prisma Honduras, we’re grateful for your continued support through this difficult time. 

The Institution: 

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!

Check out the Prisma lending team:

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 $7,461,860 $1,781,490,640
Amount of raised Inactive loans $0 $814,125
Number of raised Inactive loans 0 851
Amount of Paying Back Loans $973,530 $156,994,320
Number of Paying Back Loans 1,186 182,938
Amount of Ended Loans $6,488,330 $1,618,488,995
Number of Ended Loans 9,096 2,146,809
Delinquency Rate 1.63% 15.83%
Amount in Arrears $13,278 $15,422,675
Outstanding Portfolio $675,853 $97,411,333
Number of Loans Delinquent 80 83,464
Default Rate 1.15% 1.71%
Amount of Ended Loans Defaulted $74,708 $27,722,888
Number of Ended Loans Defaulted 265 72,076
Currency Exchange Loss Rate 0.03% 0.46%
Amount of Currency Exchange Loss $11,794 $9,555,807
Refund Rate 0.18% 0.56%
Amount of Refunded Loans $13,625 $10,002,420
Number of Refunded Loans 14 9,208

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 60.00% 77.84%
Average Loan Size $596 $389
Average Individual Loan Size $652 $594
Average Group Loan Size $1,423 $1,844
Average number of borrowers per group 3.3 8.2
Average GDP per capita (PPP) in local country $4,800 $5,624
Average Loan Size / GDP per capita (PPP) 12.41% 6.92%
Average Time to Fund a Loan 12.2 days 8.48 days
Average Dollars Raised Per Day Per Loan $48.82 $45.89
  Average Loan Term 11.46 months 11.39 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 9,742 1,086,263
  Journaling Rate 89.77% 42.54%
  Average Number of Comments Per Journal 0.01 0.03
  Average Number of Recommendations Per Journal 0.34 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 43% PY 36.00% PY 26.18% PY
  Profitability (return on assets) N/A 2.2% 0.00%
  Average Loan Size (% of per capita income) N/A 41.00% 0.00%

Country Fast Facts

Field Partner Staff

Rony Aguirre Choluteca
Jose Alvarez Patuca
Wilian Andino Trojes
Roberto Carcamo
Juan Cruz Patuca
Josue Reynaldy Flores
Olbin Garcia Patuca
Oscar Gomez
Reyna Leberon
Filadelfo Mahoudeau API
Jose Martinez API
Kevin Mazzoni Catacamas
Esteban Miralda
Erik Rodriguez SL
Elmer Rodriguez Trojes
Gepsen Solorzano Danli
Juan Torres Comayagua
Lourdes Orbelina Valerianao
Gabriela Valeriano