Microcredit is a form of loan designed to help people who fail to obtain traditional bank financing, as they have particularly disadvantaged economic or social conditions. Microcredit is generally considered a particularly widespread instrument in developing countries, but nowadays even the strongest economies make it widely used in order to help small entrepreneurs who otherwise would not be able to have the support of no bank to carry out their project.
Thanks to micro-credit, we also try to counter the risk of ending up in the hands of usurers who, relying on people’s willingness to realize their own dream or start a project, propose disproportionate repayment rates.
Who can benefit from it
According to data provided by Unioncamere, it was found that in 2011 55,000 people made use of this type of loan, mainly for family, work or study reasons.
To date it is possible to count more than 200 microcredit programs and referring to the growing demand for this type of financing, new forms of regulation have been outlined.
In particular, thanks to the Ministerial Decree of 17 October 2014, the following was established:
– a maximum ceiling of € 25,000 for individuals, companies, cooperatives or associations, excluding self-employed workers or entrepreneurs with a VAT number for more than five years, self-employed workers or sole proprietorships with more than 5 employees, people, simplified limited liability company or cooperative companies with a number of non-member employees of more than 10 people.
– a maximum ceiling of 10,000 euros for people with disadvantaged social or economic conditions, such as: unemployment, suspension or reduction of working time due to reasons beyond their control, self-sufficiency conditions or a component of the family unit, contraction of the significant income or increase in expenses related to the non-derogable family nucleus.
How to benefit from microcredit
In Italy, the National Agency for Microcredit is the reference point for this type of funding and has the task of identifying, coordinating, evaluating, promoting and monitoring tools and initiatives that can eradicate poverty both at national and international level, making also reference to the various programs promoted by the European Union.
In particular, this institution carries out the following activities:
– credit facilities, thanks to the support of microfinance programs;
– techniques and assistance, such as training, research, legislative and cultural promotion;
– networking, such as the National Network for Microcredit project of Italian Municipalities
In order to apply for microcredit, please contact the appropriate branches of local authorities, such as Chambers of Commerce or Associations, in order to find detailed information. It is also advisable to view the site www.microcreditoitalia.org frequently to stay up-to-date on tenders and tenders.
As already mentioned, in Italy various projects related to microcredit are available, but since they are different for each region, it is advisable to consult the website of the institution closest to their residence.
Micro-entrepreneurship is particularly facilitated in receiving loans, especially when it is possible to access the Guarantee Fund for Small and Medium-sized Enterprises (SMEs).
In the regions of Puglia, Campania, Sicily and Calabria, new forms of regulation of self-employment have also been introduced, which have the task of offering, in addition to financing, also a real support thanks to support and mentoring activities.
Referring to the monitoring of labor policies with the local development policies of production systems relating to micro-credit and micro finance in 2013, it is possible to see a positive trend in the use of micro-credit. In fact, more and more people rely on this form of loan because it is particularly reliable and because they are implemented a large number of specific programs of guidance that help to understand how to increase employment and social integration.