Programs
Micro Finance
Participatory Rural Credit Program Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment and a verifiable credit history. It is designed not only to support entrepreneurship and alleviate poverty, but also in many cases to empower women and uplift entire communities by adequate support. In many communities (especially third world countries), women lack the highly stable employment histories that traditional lenders (bank, financial institutions etc.) tend to require. Many are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million men and women held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 per cent. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founded in See more
Our Vision
Our vision is to contribute our efforts and resources in order to eradicate the poverty of Bangladesh through our Micro Finance Program. We desire to convert our Micro Finance Program into a Rural Micro Finance Bank to help the marginal people in need to provide a better and sustainable future for them and for Bangladesh. See more
What We Do
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 See more