Social and Financial Inclusion 2
-
Approval date
15 June 2018
-
Borrower
PerMicro SpA
- Country
-
Loan size
€ 7 000 000
-
Line of action
Sustainable and inclusive growth
Integration of refugees, displaced persons and migrants -
Status
Completed
Sub-projects within two microcredit products
1) business lending to support microenterprises in the purchase of equipment and goods for their start-up or for the development of their businesses and
2) family loans to assist vulnerable groups in responding to urgent and temporary financial needs in the domain of health, housing and education. Final beneficiaries will be aspiring entrepreneurs, vulnerable groups and especially migrants and refugees, which have little or no access to the standard banking system.