Microcredit support in Italy
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Approval date
29 March 2023
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Borrower
PerMicro S.p.A.
- Country
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Loan size
€ 12 000 000
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Line of action
Supporting Jobs and Economic and Financial Inclusion
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Status
In progress
This Programme loan* aims at supporting the Borrower’s lending activities through direct lending to micro-enterprises, including start-ups. In particular, the CEB loan will part-finance beneficiaries’ investments and working capital needs to support their business activities, such as the purchase of goods, materials, equipment and licenses, as well as expenses related to the creation or development of a business start-up. The Borrower indicates that at least 25% of the CEB loan shall be disbursed in favour of female-led enterprises.
Final beneficiaries: micro-entrepreneurs, in particular aspiring entrepreneurs and women entrepreneurs.
This operation benefits from support from the European Union under the InvestEU Fund, as part of CEB SISW Debt Financial Product supporting the "Microfinance, ethical, social enterprise finance and social economy" InvestEU policy area.
* Approved under InvestEU Framework Operation for Microfinance and Social Economy Finance.
Borrower's address: Via XX Settembre, 38, 10121 Torino TO, Italy