MIcrocredit Fund
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Please note: the instrument is currently not operational, pending specific refinancing.
The following Young Guarantee Microcredit Fund is active: Garanzia Giovani - Fondo Microcredito - PON YEI Misura 7.2
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The reference legislation
Pursuant to the Regional Law 1/2009, the Regional Company for the Economic Development of Umbria - Sviluppumbria S.p.A. “provides instrumental activities and services for the departments of the Regional Authority and public member organisations”. The law states that Sviluppumbria shall fulfil its “mission” by means of various activities, including those “to support the creation of business...” (Art. 2, paragraph 4, letter e). To do so, it will also implement the connected instrumental activities and services for the Regional Authority itself.
The economic and financial crisis has actually widened the categories of the so-called “non-bankable” persons, that is to say those who, in the light of the new management parameters used by the bank system, have no credit worthiness, especially young people, women, unemployed and the disadvantaged. From here the need to create a Fund for micro-credit.
A fund to promote and support business projects by young people, women and the disadvantaged named “Fund for micro-credit” was established under Art. 7 of the Regional Law No. 4 of 30 March 2011.
The intervention, which was included in Axis 4 - “Business creation” - of the policies and development Document for the years 2011/2013, constitutes one of the strong points of the renewed policy to support business creation and especially to support the business of women and young people. It has gone on to support projects of self-employment which, due to their nature, are excluded from benefiting from the Regional Law 12/95, as amended by the Regional Law 2/2011 and, therefore, require a more suitable support tool.
The tool
The tool proposed is a subsidised fund on a rotation system without the need for guarantees which stands out for its simplified, “guided” access procedures, thanks to a system that accompanies before and after funding.
In particular, the assistance services before (guidance and information on the possibilities of access to the tools and the pre-assessment of economic and entrepreneurial feasibility of the idea) and after (support in the set-up and growth of the enterprise and monitoring of the company progress in order to help overcome any difficulties) for the entrepreneurs applying for microcredit have proved essential for the success of the projects.
Statistics
210 applications have been made via the Microcredit invitations to tender, of which 106 were granted funding.
The total financial operation was EUR 962,404
In particular:
Announcement Expiry date Fund (€) Applications
1 Announcement - First expiry date 30/11/2011 100,000 21
1 Announcement - Second expiry date 31/12/2011 100,000 28
2 Announcement - sole expiry date 16/03/2012 200,000 42
3 Announcement - First expiry date 28/02/2013 225,000 37
3 Announcement - Second expiry date 30/04/2013 337,404 82
For further information on how the tool functions, please visit the dedicated website:
EXECUTIVE HEADQUARTERS IN PERUGIA - Telephone: +39 075 56811
For informations and technical assistance:
Giuseppe Barberi
Email: g.barberi@sviluppumbria.it
Telephone: +39 075 5681250
Graziano Di Giovine
Email: g.digiovine@sviluppumbria.it
Telephone: +39 075 5681236
Gian Luigi Aquilini
Email: g.aquilini@sviluppumbria.it
Telephone: +39 075 5681262
For reporting of projects already selected and funded:
Sandra Meniconi
Email: s.meniconi@sviluppumbria.it
Telephone: +39 075 56811
EXECUTIVE HEADQUARTERS IN TERNI - Telephone: +39 0744 80601
For informations and technical assistance:
Nicola Papi
Email: n.papi@sviluppumbria.it
Telephone: +39 0744 58542
Paola Paccara
Email: p.paccara@sviluppumbria.it
Telephone: +39 075 80601
Fausto Broccoletti
Email: f.broccoletti@sviluppumbria.it
Telephone: +39 0744 806021
EXECUTIVE HEADQUARTERS IN FOLIGNO - Telephone: +39 0742 32681
For informations and technical assistance:
Chiara Marinelli
Email: c.marinelli@sviluppumbria.it
Telephone: +39 0742 326830
Simone Peruzzi
Email: s.peruzzi@sviluppumbria.it
Telephone: +39 075 5681207