Il microcredito in Italia.

CLUSTER: Innovative services and organisations focusing on migrants’ employability and work integration

START DATE: January 2007



development, entrepreneurship, financing, loans, microcredit


whereVia XX Settembre, 38 10121 Torino


Founding members: Oltre Venture and Fondazione Paideia

People who need a loan but do not have an easy access to traditional bank credits (including many migrants).


A tool for personal development and an opportunity for people with temporary economic difficulties.

Per Micro provides microcredit both to companies and families. The loans are suitable for Italian or foreign citizens who wish to start or develop an activity, or to freelance workers or employees in response to essential financial needs.
They offer guidance to the entrepreneur during the writing of the business plan and the following development phases, for the entire duration of the financing.

why it is

A microcredit offers an opportunity for social and financial inclusion; more than half of the companies that were financed between 2007 and 2014 were companies started by migrants that could not have been successful without the help of a microcredit.

From their beginning, in 2007 they have provided 15 593 microcredits worth more than 107 million euros.
According to data collected from 2007 to 2014, 50% of credits given for companies were given to young people (under 35) and 59% to migrants and 33% of credits given to families were given to young people and 91% were given to migrants.


Team and competences:
Permicro has 14 branches in 11 Italian regions.
They offer microcredits and support through a network of 70 professional mentors and 30 experts in loan acquisitions.
Legal Form:
Permicro is a corporation

Service Description

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.
Solution (Project/Service):
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.


Main Milestones:
PerMicro has achieved economic sustainability in 2015 and is considered a successful business model in Europe.
Main difficulties/challenges:
People who come to Permicro often need resources and are urgently looking for funding and don’t consider financial training a necessity.


The funding for the companies is provided under The EPPA Contribution Agreement and The European Progress Microfinance Facility of the European Union. The product ‘EaSI Enterprise’ has the guarantee of being financed by the European Union within the framework of the Programma per l’occupazione e l’innovazione sociale (EaSI).
Supported by CEB – Council of Europe Development Bank.
A PerMicroLab mentor is inclined to entrepreneurship and ethical finance, adaptable to any business context, has experience in business planning, management, and consultancy. Has strong communication and interpersonal skills, an is apt for teaching and economic assessment.
Stakeholders and Partners:
Permicro’s largest company partner is BNL (Banca Nazionale del Lavoro), They also have equity partners Oltre Venture, Fondazione Paideia, Phi Trust Active Investors, and FINDE. As well as private and institutional investors such as Fondazione Banco di Napoli, Compagnia di San Paolo, Fondazione Giordano dell’Amore, European Investment Fund, and Fondazione Sviluppo e Crescita CRT.


Main Goals/challenges:
They aim to become a microfinance institution that not only provides microcredits but also increases a business volume.
Critical Factors to manage this challenges:
They plan to achieve this by expanding the services they offer, for example, they want to venture in the field of insurance.