The origins of microcredit in its current practical incarnation can be linked to several organizations founded in Bangladesh, especially the Grameen Bank; which was followed by organizations such as BRAC in 1972 and ASA in 1978. Later in 1995, PRISM Bangladesh became a member of the PKSF (Palli Karma-Sahayak Foundation), which is the only Government of the People’s Republic of Bangladesh (GoB) Financial Institute for providing credit support to NGOs in Bangladesh. PKSF has been financing PRISM Bangladesh Foundation to operate a more modernized and region specific microcredit facilities in the coastal areas conforming all guidelines and rules of PKSF.

The micro-credit program is gradually being expanded in the rural areas particularly in most vulnerable villages in order to assist the poor groups towards self-reliance in our working areas. At present, PRISM Bangladesh Foundation is launching microcredit programs in five districts (Noakhali, Lakshmipur, Feni ,Comilla and Chandpur) providing credit services to  60,100 beneficiaries. The microcredit facilities are provided into different categories:

1)      Buniad   (ultra poor)

2)      Jagoron (small credit)

3)      Agrosor  (enterprise)

4)      Sufolon  (seasonal)

These credit facilities are being distributed through PRISM BD’s fifty branches with full furnished offices and highly trained and skilled staff. Our main goal is to ensure long-term economic development of the target beneficiaries in target areas and promote viable/sustainable Income Generating Activities (IGA), through increased production, employment generation, assisting in capital formation (especially for women) etc.