Main Problem Addressed / Activity Sector:
Permicro’s goal is to provide financial inclusion opportunities to people credit institutions consider “non-bankable”. To offer “inclusive financial services” that evaluate the potential of the project, or a person’s capability, or other elements that credit institutions don ́t take into account.
Half of the main target represents migrants, but it cannot be said that the service is specifically addressed to them. The idea is to provide a credit to someone who is somehow already an entrepreneur, regardless of where they come from. To receive a credit the beneficiary needs to have a precise idea of what they want to do, they need to know what their market is, know what they are selling or producing, the cost, already have suppliers etc. To have, in practice, a past entrepreneur experience, and to have been stable residents in Italy for a long time.
Often, these are people who were entrepreneurs in their own country and that over time understand that they can use those skills and experience in Italy. Those who have a vague or less developed business idea in mind are directed to PermicroLab onlus or WelfareAmbrosiano, who can provide support with a different approach and tools.
They provide microcredits, financial education and guidance to competent people with a good entrepreneurial idea and to people with primary financial needs (home, health, education), whom the traditional credit channels overlook for an insufficient credit history or a precarious work situation. They offer their services to families, providing an in-depth analysis of the family’s economic and financial situation including their income, budget, savings, and providing assistance in case of debt.
They also offer their services to entrepreneurs, providing analysis of a business idea and assessment of sustainability analysing the business plan including budget, cash flow, income statements, as well as analysing the market. They offer guidance for the micro-entrepreneur, both in terms of mentoring and monitoring, periodically reviewing the business plan, and evaluating the development and business performance. They offer them opportunities to meet with experts in business creation and management and benefit from the support and supervision of volunteer mentors.
The Support permicrolabs offers; support in drafting the business plan, guidance and regular check-ups.