first you need to upgrade to firmware 2.00 then you can downgrade to 1.5 you can get the upgrades at this site
http://www.psp-hacks.com/category/10 one you downloaded the eboots put them into a UPDATE folder then update the psp to firmware 2.00 like so:
PSP-->GAME-->UPDATE "EBOOT.PBP (WHICH IS THE UPDTATE 2.00)" then you update
then you use the mph downgrader to downgrade and make your psp think its running 1.00 then upgrade to 1.5 the same way as updateing to 2.00
PSP-->GAME-->UPDATE "EBOOT.PBP (WHICH IS THE UPDTATE 1.50)" then you update
Then you should have a psp firmware 1.5 again
Good Luck