Peru > Microfinanzas Prisma

About the Field Partner

Field Partner:	Microfinanzas Prisma
Field Partner Risk Rating:	(Learn more)
Time On Kiva:	28 months
Kiva Entrepreneurs:	6810
Total Loans:	$3,318,275
Delinquency Rate:	0.01%
Default Rate:	0.00%
Currency Exchange Loss Rate:	0.00%
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Kiva Fundraising Status

Fundraising Status:	Active
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Other Information Sources

MIX Profile:	View MIX Profile
Network Affiliation:	COPEME - El Consorcio de Organizaciones Privadas de Promoción al Desarrollo de la Micro y Pequeña Empresa
Social Performance Reporting Level:	Gold Award
Consumer Protection Principles:	N/A
Field Partner Website:	View Website
Email Contact:	rguevara@prisma.org.pe

To accomplish this goal, we have developed seven interconnected strategies: Microfinance, Health and Nutrition, Production and Commercialization for Agricultural Development, Environment, Investigation and Medical Research, Logistics, and Strengthening of both local and regional government institutions.

In 1994, PRISMA began a new program of offering credit to individuals as a component of PASA, a program that works secure nutrition, by which they assisted the extremely impoverished populations between 1994-1997 in the districts of Cajamarca, San Martín, Ancash, Ayacucho, Junín, Puno, Piura and Lima.

Moreover, beginning in 1997, PRISMA joined forces with the Village Banking methodology, which extended credit capabilities into the regions of Ayacucho, Cajamarca, Junín, Huánuco, Huancavelica, Ancash, Ucayali, Puno, San Martin, Piura and Lima to meet the needs of microentrepreneurs in rural communities on the basis of shared guaranteed loans. This later resulted in a new credit option for lenders called Solidarity Groups as a graduation strategy.

As of the year 2000, PRISMA has advanced credit products for individuals, implementing Multicredit and Crediacopio for Alterative Development Areas. Through this mode of credit, small agricultural producers and traders obtain credit according to their qualifications in order to finance productive activities or to provide capital during the storage phase following harvest.

Starting in 2002, PRISMA incorporated an additional credit option designed for financing production chains with risk administration, which ultimately enables individual farmers to improve their production and productivity levels. This credit product has been particularly successfully supporting the expansion of rice, cotton and yellow corn in the district of Piura.

In 2004, we combined our credit products under PRISMA Microfinance Department, providing lenders greater access to the most viable products. We continue to expand our products and services and in 2006 we began offering education directed toward the needs of clients to improve the quality of their business and their lives.

PRISMA has strategic alliances with other quality organizations including FOLADE, Freedom From Hunger, MCE, ETIMOS, Procampo S.A., ECLOF, OIKOCREDIT, CORPORACIÓN MISTI, Cooperativa Fortalecer, Banco de Crédito del Perú, Agrovet 3V SAC, Procampo S.A., USAID, Bayer, IPA, COPEME, Creditex, ICCO, INAFI – LA, PROPOLI, EDPYME Confianza, & PROMUC.