Clients with strong references receive an application; careful track is kept of who receives them. If, upon review of the application by the Credit Committee, the customer is deemed to be an acceptable credit risk, preliminary approval is granted. A site visit is made to interview the customer, verify application details, and review collateral.
Clients with strong references receive an application; careful track is kept of who receives them. If, upon review of the application by the Credit Committee, the customer is deemed to be an acceptable credit risk, preliminary approval is granted.
A site visit is made to interview the customer, verify application details, and review collateral. Clients provide all necessary paperwork—including signatures and guarantees.
The complexity of this process depends on loan size. Larger loans, including taxi loans, can take months because of the due diligence involved. It includes a police record review. The process is uniform and straightforward to ensure all customers receive the same treatment.
The company has developed successful activities for ensuring it is providing excellent service and developing strong relationships with solid customers, ensuring that the loans will be repaid.
Prisma conducts business in a highly professional and open manner.
Customers are classified from A-D based factors including: The taxi co-ops are classified according to the same criteria by each co-op as a group. There are rewards and tangible benefits for "A" customers, knowledge of which is spread among customers through word of mouth.
Balanced and Cost-effective Loan Portfolio: The existing relationship with Taxi Cooperatives provides an inroad for nationwide market penetration. Microfinance industry data indicates loan officers can manage loans at one time.
Therefore, because the breakeven point for an additional lender is low, Prisma can financially afford to have a balanced portfolio with an equal number of micro and small loans. Although smaller loans are less lucrative, they are financially viable for the business and promote the social mission of ensuring there is access to credit for all.
In addition, they provide the benefits of being repaid faster, requiring less due diligence, and producing a high number of referrals. Hand-held Technology and Centralized Due Diligence: In order to minimize infrastructure costs, back-office support for loan officers will be centralized.
Loan officers will utilize advanced technology to conduct their business. Hand-held devices will be used in the field to mechanize the application and monitoring process. The loan portfolio data is stored electronically to minimize onerous paperwork.
This equipment investment pays for itself in the reduced paperwork, time savings especially in approving applications and transferring data. Electronic loan processing and bi-weekly visits to the main office will allow the due-diligence of loan guarantees to be performed with adequate legal review, in a timely manner.
To minimize expansion costs and accelerate the amount of lending possible, Prisma plans to partner with a bank with national presence.Prisma MicroFinance, Inc., is a U.S. microfinance company with Nicaraguan operations where loans are made to residents in the urban area of capitol, Managua.
The loans range in size from U.S. $$15,, and are used for both personal and business purposes. Built for entrepreneurs like ss plans ss plans - volume ial services company business ial services ss plan prisma microfinance, inc.
If you are using your business plan to attract investment or get a loan, you may also include a business financial history as part of the financial section.
services company business plan executive, prisma microfinance, inc, is a private, mission driven company with operating subsidiaries in central america that provide "microcredit" to entrepreneurs since , prisma has provided lending and savings.
Micro finance business plan. Eea will customize their loan product program to meet the specific needs of agricultural small scale business. Transformation into a microfinance company (mfc) the institution is considering formalization when it passes the capital requirement from bot.
This mini-reader issued by Prisma Microfinance is comprised of three sections of excerpts from "Social Return on Investment, a Practitioner's Perspective", "Impact Analysis and Social Return on Investment" and "Social Benefits of Public Transit - Evaluating Benefits and Costs of Public Transit Service".
Jan 07, · Sample Microfinance Business Plan Pdf – 2nd ed.
Financial Services Company Business Plan: Business Plans – Volume Toggle navigation. BUSINESS PLAN PRISMA MICROFINANCE, attheheels.cominance as Business – Center For Global · PDF Sample microfinance business plan pdf – attheheels.com .