Update from Kiva Staff on September 1, 2009:

Prisma‘s partnership with Kiva was closed in September 2009 on a mutually agreeable basis. All money owed to Kiva lenders has been paid back. Kiva continues to partner with the Honduran branch, Prisma Honduras, whose fundraising borrowers can be found here.

Prisma Microfinance, Inc. is a microfinance institution which provides micro-loans internationally, helping to alleviate poverty while providing a return to investors. Microfinance services are targeted to low and moderate income businesses and households including the provision of credit for micro-loans.

Read More at: http://www.microfinancetravels.typepad.com

Prisma can be contacted via email at admin@prismahonduras.com.

Listen to an interview with Kendall Mau, Prisma Chief Financial Officer and Chief Operational Officer, here.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 15, 2006 Oct 12, 2005
Total Loans $399,925 $1,437,884,275
Amount of raised Inactive loans $0 $1,429,300
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $0 $147,247,625
Number of Paying Back Loans 0 165,584
Amount of Ended Loans $399,925 $1,289,207,350
Number of Ended Loans 1,056 1,687,394
Delinquency Rate 0.00% 22.91%
Amount in Arrears $0 $21,746,142
Outstanding Portfolio $0 $94,908,228
Number of Loans Delinquent 0 82,487
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $22,333,868
Number of Ended Loans Defaulted 0 54,136
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,742,358
Refund Rate 15.49% 0.62%
Amount of Refunded Loans $61,950 $8,923,325
Number of Refunded Loans 80 8,447

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 73.86% 76.62%
Average Loan Size $407 $395
Average Individual Loan Size $407 $612
Average Group Loan Size $0 $1,769
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $4,800 $5,735
Average Loan Size / GDP per capita (PPP) 8.47% 6.89%
Average Time to Fund a Loan 1.02 days 7.29 days
Average Dollars Raised Per Day Per Loan $398.82 $54.16
  Average Loan Term 8.91 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 249 906,207
  Journaling Rate 10.33% 43.91%
  Average Number of Comments Per Journal 0.72 0.03
  Average Number of Recommendations Per Journal 1.41 0.71

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 36.00% PY 25.53% PY
  Profitability (return on assets) N/A 2.2% -1.33%
  Average Loan Size (% of per capita income) N/A 41.00% 12.38%

Country Fast Facts

Field Partner Staff

Carlos Aburto
Branch Office Choluteca
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Kendall Mau
Prisma Honduras S.A.
David Satterthwaite
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Susan Velasquez
Hallie Welch