Prisma Honduras had a very good 2011. ROA and ROE of over 6.0% and 16.0% respectively. Assets grew by 35.0%. Extremely low delinquency of 2.6% while our competitors are all fighting the 8.0-12.0% levels. We've become the leaders amongst small MFI's in green and solar energy loans with over 1000+ loans having been granted during the last 3 years. 20.0-25.0% of our clients fall into the very poor category while 35.0% are first time entrepreneurs, and the rest continuing to build their businesses. We partnered with the World Bank and the Honduras government to push green loans, thus our early hegemony in the field.
We are now completing the 3rd and final year of training in preparation for certification to become a regulated financial entity. Lots of work ahead in 2012, especially in governance and ownership issues/requirements. A big thanks to our General Manager and her able staff for such a fine performance.
I'm headed down to Honduras in March for strategic planning sessions. The consultant has been hired to lead the sessions and all supervisory employees and up will be in attendance.