I spent the last week of December 2010, in Honduras. What a great week, filled with financial triumphs and visits to great clients.
- We ended 2010 in the black and recorded a phenomenally low delinquency level of less than 2.0% for our total loan portfolio. Competitors are running at the 15.0+% level.
- We welcomed a new Prisma friend, Kevin Brinkman of Colorado, who explored the latest techniques for debt financing with us. Thank you Kevin for spending a week with us getting to know the company and its clients.
- We visited 6 solar electricity projects which we financed 1.5 hours up in the hills surrounding Danli, Honduras. It was incredible to visit adobe homes and little grocery stores with electricity. They are located so far away from the government electricity grid that the possibility of electricity was only an unfulfilled dream. Now they have enough power for 3 to 12 light bulbs, a TV, and a radio.
- We visited a dozen clients in San Lorenzo and Choluteca, Honduras. Little businesses - restaurants, grocery stores, t-shirt printing, charcoal sellers, and tortilla makers/sellers. All of the businesses making enough money to put food on the table for the family and to educate the children.
- A new intern, a recent graduate of Tufts University will be spending about 3 months with us. Diana Baide - welcome to the Prisma Honduras family.
- I met our most recent past intern who came by to see her old friends and to meet me. I was honored. Thanks Annie for dropping by.
- The staff in our main office threw a BBQ for me. Thanks Marilu, Susan, Vicky, Roberto, Carlos, Orbelina, Doris, Annie, and many more for the tasty food and company. It was much appreciated.
- Even our Nicaragua problem child seems to have righted itself although we still have a few more legal steps to get through before we can declare a win.