Microcredit Foundation Prizma, a microfinance institution located in Bosnia and Herzegovina, has reported to MicroCapital that it received loans equivalent to USD 2.7 million in local currency from Nova Banka, a private Bosnian bank, and BOR Bank, also of Bosnia. Nova Banka, which has BAM 900 million (USD 620 million) in assets, loaned Prizma the equivalent of BAM 2 million (USD 1.4 million). BOR Bank loaned Prizma the equivalent of BAM 1.9 million (USD 1.3 million). No financial information is available for BOR bank.
As of November 2011, Prizma reports to MicroCapital that it has 70,000 active borrowers and has loaned a total of BAM 530 million (USD 362 million). It operates 50 branch offices Bosnia and Herzegovina and has a staff of 250.
By Ariana Malushi, Research Associate
About Prizma:
Microcredit Foundation Prizma is a microfinance institution (MFI) that provides credit products in Bosnia and Herzegovina. Prizma began operations in 1997 under the name “Project Enterprise” and was registered with the national microcredit registry in 2001 under the name Microcredit Organization Prizma. As of November 2011, Prizma reports to MicroCapital that it has 70,000 active borrowers and has loaned a total of BAM 530 million (USD 362 million). It operates 50 branch offices Bosnia and Herzegovina and has a staff of 250.
Sources and Additional Resources
Data Submitted by Prizma to Microcapital, November 2011
MicroCapital.org story, October 12, 2011 “MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $8m to Mikrofin Banja Luka of Bosnia and Herzegovina, ProCredit Bank Macedonia to Support Micro-, Small and Medium-Sized Enterprises”
https://www.microcapital.org/microcapital-brief-european-fund-for-southeast-europe-efse-loans-8m-to-mikrofin-banja-luka-of-bosnia-and-herzegovina-procredit-bank-macedonia-to-support-micro-small-and-medium-sized-enterprises/
MicroCapital.org story, August 19, 2011 “MICROCAPITAL.ORG STORY: Guarantors of Microloans In The Balkans Struggle To Meet Demands By Microfinance Lenders As A Result Of Financial Crisis”
MicroCapital Universe, Microcredit Foundation Prizma https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microcredit+Foundation+Prizma
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