BOR Bank d.d., with its seat in Sarajevo, approved initial loan exposure to Microcredit Foundation Prizma in the amount of BAM 1,9 million. This loan arrangement represents beginning of the cooperation between these two institutions. The above mentioned funds will be used for further extension of operations in order to strengthen Prizma's sovereign leadership position on a dynamic micro finance market in Bosnia and Herzegovina.

Više o ovoj vijesti možete pročitati here.

NLB Tuzlanska banka with its seat in Sarajevo, approved new loan to Microcredit Foundation Prizma in the amount of 3 milion BAM. This loan arrangement, sixth in the row, represents continuation of initially established cooperation that has begun since 2008. The above mentioned funds will be used for further extension of operations in order to strengthen Prizma's sovereign leadership position on a dynamic micro finance market in Bosnia and Herzegovina.

More data on this are available here.

UNDP (United Nation Development Programme) regional office has adopted decision, followed by successful implementation of the project, to perform loan fund capitalization to Prizma in amount of BAM 226.485. Capitalization letter clearly states that Prizma has surpassed all targeted performance standards, and that organization has been consistent in implementing the social aspects of its mission.

Prizma was engaged, in the year 2008, in Upper Drina Development Programme/Rural Finance as the only institution that has fulfilled criteria of highly demanded selection process. Project goals were defined through support of economically active poor clients on narrow rural region, with focus on women clients, simultaneously with reaching institutional operational self-sufficiency as well as portfolio quality requirements.

More data on this are available here.

BlueOrchard with its seat in Geneva, Switzerland, in cooperation with Microfinance Enhancement Facility, approved additional loan to Microcredit Foundation Prizma in the amount of 1,5 million EUR. This loan arrangement, tenth in the row, represents continuation of initially established cooperation that has begun since 2003. By this, total exposure of BlueOrchard increased to 8 (eight) million EUR. The above mentioned funds will be used for further extension of operations in order to strengthen Prizma's sovereign leadership position on a dynamic micro finance market in Bosnia and Herzegovina.

More data on this are available here.

Developing World Markets (DWM), with its seat in USA, in cooperation with SNS Institutional Fund II, approved additional loan to Microcredit Foundation Prizma in the amount of 2 (two) million EUR. This loan arrangement, third in the row, represents continuation of initially established cooperation that has begun since 2008. By this, total exposure of DWM increased to 4 (four) million EUR. The above mentioned funds will be used for further extension of operations in order to strengthen Prizma's sovereign leadership position on a dynamic micro finance market in Bosnia and Herzegovina.

More data on this are available here.

responsAbility Social Investments AG with its seat in Zurich, Switzerland, in cooperation with Credit Suisse Microfinance Fund Management Company, approved additional loan to Microcredit Foundation Prizma in the amount of 5 (five) million EUR. This loan arrangement represents continuation of initially established cooperation that has begun since 2009. By this, total exposure of the investor increased to 7 (seven) million EUR. The above mentioned funds will be used for further extension of operations in order to strengthen Prizma's sovereign leadership position on a dynamic micro finance market in Bosnia and Herzegovina.

More data on this are available here.

Dr Kenan Crnkic CEO / General Manager of Prizma MCF and five members of the management team attended the MFC Conference, which was held this year in Prague from 18 to 20 May. At this prestigious conference, attended by a large number of invitees, representatives of investors and delegates from all over the world, Prizma was the only institution from the greater region selected to address the audience twice.

First, Prizma made a presentation to introduce its holistic approach to managing social performance, from both theoretical and applied aspect.

Then, the address of MCF Prizma’s CEO / General Manager Dr Kenan Crnkic, titled "Between Performance and Responsibility: Which Way for Microfinance?” delivered at the closing session, summarizing the conclusions of the Conference, was found particularly interesting. At the Conference, Prizma confirmed on its own example that it is possible to have good long-term financial results only if the institution remains committed to pursuing its social mission, key program goals and principles.

The presentation and supporting materials can be viewed here.

Dr Kenan Crnkić CEO/General Manager gave an exclusive interview to Microlinks, the leading microfinance portal for microenterprise development under the auspices of USAID. Apart from the inevitable topic of Prizma’s good performance, business strategies and operating methods, the opportunity was taken to promote Prizma’s monograph published by two prestigious universities in Spain.

The full interview is available here.

On Saturday, February 19, 2011, in the amphitheatre of the Faculty of Economics of University „Džemal Bijedić“ in Mostar, before a full auditorium, General Manager of Microcredit Foundation Prizma, successfully defended his PhD Thesis with the theme: „Impact of Microcredit Organizations on Entrepreneurship Development in Bosnia and Herzegovina“.

In accordance with the commission's opinion, that is one of the best defended dissertations, so far. It contained a lot of important and interesting conclusions arising from the original scientific research. More data on this are available here.

Mirocredit Foundation PRIZMA, on the basis of selection of the expert commission as well as public was included among the best market trends in Bosnia and Herzegovina and therefore it was awarded with Superbrands Award for 2010. Special curiosity represents the fact that PRIZMA is the first organization of this type that got this prestigious Award. This award is one of the PRIZMA’s confirmation of leadership position and strength and recognizability of PRIZMA’s brand on a dynamic market of Bosnia and Herzegovina.

More data on this are available here.

General Manager of Microcredit Foundation PRIZMA, Mr. Kenan Crnkić, gave lengthy interview for EUROMANAGER.

At this occasion, Mr. K.Crnkić was selected as Manager of the Decade and is picture will be published on cover page of this prestigious, regional, business magazine in which he openly talked on situation and perspectives of future development of Microcredit Foundation PRIZMA as well as overall microcredit sector.

More data on this are available here.

General Manager of Microcredit Foundation PRIZMA, Mr. Kenan Crnkić gave lengthy interview for US NEWS as well as for online issue of World Investment News, where he, along with the most important leaders from other areas, referred to business successes of Microcredit Foundation PRIZMA, perspectives of microcredit sector in Bosnia and Herzegovina as well as to potential investment opportunities in our country.

More data on this are available here.

PRIZMA signed a new loan agreement in amount of EUR 1.5 million with Triple Jump B.V. (ASN Novib Fund) investment fund based in Netherlands. As a continuation of successful cooperation, this fourth loan agreement is supported with increased loan amount.
Triple Jump is a microfinance investment manager, which offers professional fund management services to investors, and provide loans and equity investments to microfinance institutions (MFIs). Thanks to five different funds, Triple Jump currently has 150 investments with 135 microfinance institutions in 49 countries, for a total invested capital of USD 210 million. The ASN-Novib Fund was established in 1999 by ASN Bank and Oxfam Novib. By the end of 2009, it had grown to EUR 122.6 million, of which EUR 79.5 million had been invested in 54 MFIs in 24 countries, including 4 equity investments. The ASN-Novib Fund invests in financial institutions which provide credit to small-scale entrepreneurs. The fund supports experienced financial institutions with proven management capacities.

This loan will be used to support further development of PRIZMA's operations.

PRIZMA closed a new loan agreement in amount of 3 million BAM with NLB Tuzlanska Bank from Bosnia and Herzegovina. As a result of strengthening successful cooperation, this third loan agreement is signed under more favorable terms and with increased initial loan amount.
With its 54 members on 17 markets, the NLB Group is recognized financial institution and stable partner offering numerous combinations of financial services for every type of business with individualized financial packages, which is in line with groups vision and commitment to build a long term partnership with client. NLB Group (with 12 banks, 11 leasing companies, 12 companies for international trade financing, 5 insurance companies, company in asset management and 14 other companies and almost 10.000 employees) is a financial institution with long tradition in Central and East Europe.

This loan will be used to support further development of PRIZMA's operations.

General Manager of the MCF Prizma has delivered his first lectures at the post degree study - Master on Microcredit for Development - at the Autonomous University in Madrid, Spain. At the same time, he was nominated as a member to the Study Head Committee.

Due to its significance, the program has been supported by the Ministry of Foreign Affairs of Spain, Spanish International Agency for Cooperation AECI, as well as other national and international bodies.

The main objective of the Madrid Autonomous University, in cooperation with Foro Nantik Lum de Microfinanzas and Universidad Pontificia Comillas de Madrid, is to offer highly specialized programs for present and future practitioners in micro financial sector.

Apart from this, these institutions coordinate the research work for the European Microfinance Network from Paris, France, and advocate for the interests of the World Microcredit Summit from Washington, the United States of America.

In addition to his active engagement in his capacity as a senior teaching and research assistant at the School of Economics and Business, the University in Sarajevo, Mr. Crnkić, together with MCF Prizma continues to give a permanent contribution to the scientific-research work aiming at better understanding of the definition and academic promotion of the phenomenon of microfinance, both in Bosnia and Herzegovina and worldwide.

The General Manager of the Microcredit Foundation Prizma, Kenan Crnkić, won in just two days three prestigious awards The Best Manager and the Best Company of the Southeast and Middle Europe Region, as well as the special recognition - Manager of the Decade. Beside this, at the ceremony in Sarajevo organized by the most referential local accounting/auditing and consulting company Revicon and the regional business magazine Prizma he was awarded a Crystal Prism for the most successful manager in the micro crediting branch. Although the awards were given to him personally, Mr. Crnkić highlighted that he was honored and privileged to receive these awards on behalf of all employees because he is deeply convinced that highly developed working habits and commitment to a continuous education and professional development and improvement are standing behind him and the institution he leads. These awards clearly prove Prizma’s leading position in micro finance market in Bosnia and Herzegovina and wider region, also large number of most prestigious daily newspapers, TV stations and web portals published this news in its prime time news. For more details, here.

In first quarter of year 2010 MKF Prizma renewed and / or expanded its collaboration with following investors Oikocredit, Triodos, Developing World Markets / SNS Institutional Microfinance Fund II and Unicredit bank in total amount of nearly 20 millions KM. Beside existing investors, in association with Planis new credit arrangement was arranged and signed with new investors - Credit Suisse Microfinance Fund Management Company and Responsibility Global and Responsibility Global Microfinance Fond, with headquarter in Zurich, Switzerland. Those investments are a continuation of the ongoing successes of MCF PRIZMA, which are reflected in securing significant funds during the last year (over 50 mil KM), as well as in positioning itself as leading organization at the microfinance sector in BiH and demonstrating high level of stability and maturity in the year of world economic crisis. For more details, here.

The microcrofinance sector in Federation of BiH reported a combined loss of around BAM 40 million in 2009, and it is in need of urgent consolidation, the entity Banking Agency has reported. After a high growth rate of around 100 per cent in 2007, microcredit organizations (MCO) in FBiH saw considerable deterioration in performance by the end of 2008, coinciding with the impact of the global financial crisis in Bosnia and Herzegovina. Out of total 18 MCOs operating in FBiH, 11 reported losses. The biggest loss among them had LOK Sarajevo (BAM 12.7 million), and the highest profit had Prizma Sarajevo (around BAM 1 million). According to the Banking Agency, signs of deterioration were evident in the sector even before the onset of crisis, and reasons lie in the high growth rate, particularly among the mid-level organizations that did not adjust their capacities accordingly. Due to loan payments running increasingly late, the costs of provisioning increased last year by BAM 98, 4 million. For more details, here.

According to the ranking of the microfinance institutions throughout the world made by MIX MARKET from Washington, USA, the leading global business provider dedicated to strengthening and promoting of the microfinance sector, the Microcredit Foundation Prizma was ranked among the best 50 microfinance institutions in the world.  The significance of this achievement is best confirmed by the fact that Prizma Microcredit Foundation is the only microcredit institution from Bosnia and Herzegovina and the broader region ranking among the best 50 institutions.

Such a major success of Prizma constitutes its affirmation and sealing of all the results and accomplishments achieved by this microfinance institution up to date.

Prizma is one of the leading microfinance institutions in Bosnia and Herzegovina and in the South-East European region which in its twelve- year work has disbursed more than 250,000 loans totaling over KM 370 millions.  

Currently, through its widespread distributed branch offices Prizma serves around 50,000 active clients in more than 100 municipalities throughout Bosnia and Herzegovina.  

Credit Suisse Microfinance Fund Management Company in cooperation with Responsability Global Microfinance Fund, founded and managed by CREDIT SUISSE, one of the biggest banking corporations seated in Zürich, Switzerland, approved the initial loan to the Microcredit Foundation Prizma in the total amount of EUR 2 (two) millions.

This investment is a continuation of the ongoing successes of MCF Prizma, which reflected in the provision of significant funds in the course of the last year, as well as in positioning itself as leading organization at the microfinance market in Bosnia and Herzegovina and beyond. These achievements are even more important taking into account that Prizma has demonstrated a high level of stability and maturity in the year of a huge economic crisis. For all foregoing and owing to its good financial results, in addition to CREDIT SUISSE a great number of other reputable international and local investors have recognized stability of Prizma and placed their trust in it by granting over KM 50 millions of loan. For more details, click here.

Microcredit Foundation Prizma supported as a Gold Sponsor the event- Selection of the best disabled sportsperson, proving once again its commitment to socially responsible business operations through giving support to the project of general society interest. On this occasion, during the ceremony the General Manager of the Microcredit Foundation Prizma, Mr. Kenan Crnkić, handed out the vouchers in the amount of KM 1,000 to the winners, including: Rade Kovačević, world champion in fishing from  Banjaluka in men's competition, and Aiša Gogić, member of the national team of Bosnia and Herzegovina in shooting- women's competition. The above event was held under the sponsorship of the Presidency of Bosnia and Herzegovina. For more details, please click here.

PRIZMA's great success is reflected in the fact that in the year of economic crisis, showing stability, maturity and good financial performance in the third quarter gained funding of more than 32 million KM from the large number of existing and new, domestic and foreign investors, such as Blue Orchard, Developing World Markets, Hypo Alpe Adria Bank, Intesa Sanpaolo Bank, NLB Tuzlanska Banka, Microfinance Facility Enhancement SA, SICAV-SIF, Microfinace SNS Institutional Fund, Triodos, UniCredit Bank, Vakufska Banka. Funds raised will be used to support geographic expansion and development PRIZMA operations.

General Director of Microcredit Foundation PRIZMA, Mr. Kenan Crnkić, officially handed the donation - operating table for urgent interventions to the Clinic for Obstetrics and Gynecology of Clinical Center of University of Sarajevo. With this gesture, PRIZMA once again confirmed that there is hearing and understanding for humanitarian actions, as that was the case in supported causes so far, such as help in the treatment of children, projects to help children with special needs, grants to schools and various associations with a social mission, sponsorship of cultural and sporting events, grants to students, etc.

In the past 12 years Microcredit Foundation PRIZMA tried in its daily work to help a large number of women, while respecting their economic and social needs. In this light, this donation represents only one segment of PRIZMA's efforts to help and improve the quality of life for women in Bosnia and Herzegovina. Also, this gesture is MKF PRIZMA's ode of recognition and helping hand to the Clinic for Obstetrics and Gynecology in their noble work. PRIZMA in the future will dedicate great attention to corporate social responsibility, in accordance with its abilities, nurturing co-operation with local communities where PRIZMA operates.

PRIZMA closed a new loan agreement with NLB Bank from Bosnia and Herzegovina. As a result of strengthening successful cooperation, this second loan agreement is signed under more favorable terms and with increased loan amount. With its 55 members on 17 markets, the NLB Group is a stable partner offering numerous combinations of financial services for every type of business with individualized financial packages, which is in line with their "greatest wish"- to build a partnership with clients. NLB Group (with 12 banks, 11 leasing companies, 12 companies for international trade financing, 5 insurance companies, company in asset management and 15 other companies and almost 10.000 employees) is a financial institution with the tradition of striving for customers to always come first.This loan will be used to support PRIZMA's geographical expansion and development of its operations.

PRIZMA successfully closed a new loan agreement with FIMA Bank from Bosnia and Herzegovina. Following cooperation with the most reputable microfinance investors who contribute to PRIZMA's development and expansion, PRIZMA established initial cooperation with FIMA Bank. This loan agreement represent Bank's first project in microfinance area. FIMA Bank is specialized investment bank. Although it has been the youngest bank in Bosnia and Herzegovina, in 2008, FIMA Bank recorded the highest growth rate in assets, over 200%, which makes it the fastest growing bank. This loan will be used to support PRIZMA's geographical expansion and development of its operations.

PRIZMA opened new branch office in Bijeljina in February.Town is known as the center of Semberija region with population of 150.000 citizens. This region is famous for agriculture and farming. This office will cover Bijeljina and wider area of the north-eastern part of Bosnia and Herzegovina. New clients will have access to PRIZMA services from the office located in the Brace Gavric street no.26 in Bijeljina, tel. number +387 (0)55 201 046.

PRIZMA signed a loan arrangement with SNS Institutional Microfinance Fund II and its investment managers Developing World MArkets from the United States of America, in the amount of EUR 2 millions in order to support PRIZMA's expansion and development of its operations. Developing World Markets raises investment capital from individuals and institutions, and uses it to provide affordable loans to partner nonprofits that create economic opportunities in underserved communities and markets.

As a crown to the mentioned achievements in 2008, PRIZMA rellocated its Headquarters to its own business premises at new address. The new premises are equipped with latest IT technologies and security equipment. Business premises are located in Bistrik area, in the center of Sarajevo. PRIZMA's new address is Bistrik Medresa 43, Sarajevo. Our new telephone number is +387 (0)33 573 320 and fax number +387 (0)33 446 583.

Year 2008 has been the most successful business year for PRIZMA since its establishment. In the year 2008, PRIZMA managed to achieve historical results in terms of number of clients, portfolio, and net profit. PRIZMA also received the award for The most desirable employer in Bosnia and Herzegovina, and fundraise additional KM 33 millions. PRIZMA started 2008 with 29.300 clients, portfolio of KM 49 mil and 139 employees. By the end of 2008 PRIZMA achieved remarkable results having more than 61.000 clients, portfolio of KM 73 mil and 188 employees. This significant growth of 111% in number of clients, 49% in portfolio and 35% in number of employees has been achieved due to the innovation with new products, geographical expansion to the whole territory of Bosnia and Herzegovina with continuous support of existing and new investors as well as competent and dedicated wok of PRIZMA employees and management.

In October 2008, MKF Prizma has reached the 60.000 of active clients and that represents the enormous growth for 100% in compares to the base of active clients before the summer campaign “Prizma’s loan with 5 stars.” In addition, in the up-coming period, Prizma intends to offer innovative products that will surprise and refresh the market offer in Bosnia and Herzegovina.

Kenan Crnkic, Prizma’s General Director gave an interview for the renowned magazine “Banke u BiH” with the special emphasis at the current state in the microfinance sector, as well as plans for the MKF Prizma. You can read the interview here

Prizma signed a four-year loan arrangement with Calvert Foundation from the United States of America, in the amount of US$ 1 million in order to support Prizma’s expansion and development of its operations. Calvert Foundation raises investment capital from individuals and institutions, and uses it to provide affordable loans to partner nonprofits that create economic opportunities in underserved communities and markets.

The summer action “Prizma’s loan with 5 stars” successfully completed in October. In the prize contest that was conducted under the trademark 555, Prizma is shared around 555 valuable prizes of which the highest and the most valuable is „Life with Prizma. “ The concept of awards is based on the Prizma's mission and vision; and presents the financing cost of living for one year for 500 KM per month. Prizma allocated all six main prizes to the six offices across Bosnia and Herzegovina (Banja Luka, Bihac, Mostar, Sarajevo, Tuzla i Zenica). The list of winners is published on Prizma’s official web site.

On May 14th, Microcredit Organization Prizma received a Decision to register into the Microcredit Foundation Registry in the Federation of Bosnia and Herzegovina issued from the Ministry of Justice of the Federation of Bosnia and Herzegovina. Thereby Prizma officially transformed its legal status and finalized a reregistration process. A new title of the company is Microcredit Foundation Prizma, with headquarters in Sarajevo. More:here

In accordance wit research provided by leading web portal for employment in BiH www.posao.ba , Microcredit foundation Prizma has been declared as one of 50 most attractive employers in Bosnia and Herzegovina. Research was based on perception of examinees about companies that they selected to talk about, since the names of companies have not been offered beforehand. All the above mentioned, as well as the fact that every day Prizma has large number of applications for employment from overall territory of Bosnia and Herzegovina, confirms that MKF Prizma has the high reputation in Bosnia and Herzegovina, and also that it is a company where a large number of the young and promising personnel wants to achieve their long and successful career.

Prizma signed a new more favorable two-year loan arrangement with Triodos Doen from Netherlands in the amount of 2 mil EUR in order to support Prizma’s expansion and development of its operations. This loan arrangement presents extension of cooperation started in 2004.

Prizma signed a loan arrangement with EBRD in the amount of 4 million EUR in order to enable owners of micro and small enterprises to gain more access to finance to start up or expand their businesses. The loan will be complemented by up to a 400,000 EUR in technical assistance from donor countries under the EBRD - Western Balkans Fund (Austria, Canada, Czech Republic, Finland, Hungary, Ireland, Luxembourg, Netherlands, Norway, Poland, Slovak Republic, Slovenia, Spain, Sweden, United Kingdom) More: here

From 12 to 13. December MKF Prizma celebrated tenth anniversary of successful work and existence. This jubilee was celebrated trough a few manifestations that presented all the Prizma"s achievements gained in the ten-year period. These achievements are reflected in 30.000 active clients, active portfolio about KM50mil., and more then 140 employee that operate through the net of more than 40 business offices. At the festive part of the program, well know Bosnian-Herzegovinian singers took part among which we would like to emphasize a participation of a young and promising singer Mr. Nedžad Neno Murić, as well as a doyen of BH musical scene, Mr. Halid Bešlić. More: here

Prizma's management members took part at Imp-Act Global Learning Program Workshop” in Bolivia where leading micro credit organizations exchanged experiences from the domain of social performance management (SPM). Prizma is one of the leading organizations in the global research program on impact of microfinance on poverty reduction worldwide.

Prizma financially supported two projects related to assisting the children with special needs this month. It helped with finalization of construction work of the house for 10 children from the Institution placed in Pazaric, and Special Primary School in Zenica as a part of Hayat TV House project „Good People“. In such a way, Prizma demonstrated its social responsibility and readiness to take part in public interest in local communities where it operates.

Thanks to a well planned and implemented summer campaign as well as huge efforts taken by Prizma's employees, Prizma distributed around 8,000 loans in the amount of over 18 mil KM during the last three months. This is one of many successes of Prizma that is one of the leading micro credit organizations in Bosnia and Herzegovina.

Prizma signed a new one-year loan arrangement with Oikocredit from Netherlands in the amount of 1 mil EUR in order to support Prizma’s expansion and development of its operations. This loan arrangement presents extension of cooperation started in 2004.

Prizma signed a new one-year loan arrangement with HYPO ALPE ADRIA BANK d.d. Mostar, in the amount of 2 mil KM in order to support Prizma’s expansion and development of its operations.

Prizma signed a new one-year loan arrangement (revolving loan) with Raiffeisen bank d.d. Sarajevo, in the amount of 2 mil KM in order to support Prizma’s expansion and development of its operations.

Prizma signed a new two-year loan arrangement with Blue Orchard Credit fond from Switzerland in the amount of 2 mil. EUR in order to support Prizma’s expansion and development of its operations. This loan arrangement presents extension of cooperation started in 2003.

Prizma signed a new two-year loan arrangement with VDK spaarbank n.v. from Belgium, in the amount of 2 mil EUR in order to support Prizma’s expansion and development of its operations, which will help a large number of Prizma clients to extend and improve their business.

The 10th MFC's Conference titled «Ten years of Bridging the Market Gap» was held in Sofia, Bulgaria, from Thursday, May 31st, until Saturday, June 2nd , 2007. Prizma's management took active participation at this conference, and Prizma's Executive Director, Mr. Kenan Crnkić was a speaker at few panels named "Financial Inclusion 2015. Scenarios for the Future of Microfinance in ECA" and "The Women’s Market Segment". For more informations visit: http://www.mfc.org.pl/conference2007/

At the ordinary session of AMFI Board of Directors, Prizma's Excutive Director, Mr. Kenan Crnkić, has been elected for the president of this body. This appointment presents affirmation of Prizma continuous success and confirmation of Prizma’s leading position in microfinance sector in Bosnia and Herzegovina. Also, this appointment presents the additional impulse to development of microfinance sector in Bosnia and Herzegovina and contributes to development of AMFI through intensifying cooperation with regional and global microfinance networks (MFC and MFN) where Mr. Crnkić is a member of Board of Directors

Prizma officially opened a new branch office in Tuzla on Monday April 23rd. The large number of guests and Prizma employees attended the festive opening. In the modern equipped branch office at Bećarevac street in Tuzla, Prizma will provide complete microfinance services based on high professional standards.

After receiving Financial Transparency Award acknowledgments for high level of transparency and financial reporting two years consecutively at this year contest organized by the CGAP and the World Bank in competition among 231 institutions from 62 countries, MCO Prizma has been awarded the top award, one of the most significant at the global level. More on this at: www.cgap.org

United States Agency for International Development (USAID) sent a message of congratulations to Kenan Crnkic, director of the microcredit organization Prizma, for wining the award «2006 Business Personality»
This award is recognition of Prizma's business results in the microeconomic sector, USAID stated.
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Government of the Kingdom of Spain has initially approved a 10 years loan to the Prizma in the amount of 4 million euro, with 5 years grace period. This credit arrangement is acting through ICO (Instituto de Crédito Oficial/Official Credit Institute of the Kingdom of Spain) as Government Financial Agent and as part of the SpanishMicro Finance Program for Bosnia and Herzegovina managed by AECI (Agencia Espanola de CooperaciónInternacionalis/Spanish International Cooperation Agency)