Fondazione Social Venture Giordano Dell’Amore

PerMicro

PerMicro is a financial intermediary whose mission is the financial inclusion of businesses and families – non-bankable subjects – through the offer of financial services (provision of microcredits and the offer of other financial products such as current accounts or insurance) and non-financial services (accompaniment, business planning, etc.). PerMicro operates throughout Italy with 14 branches in 11 regions, from north to south.

Through its investment of €786,816 in equity in PerMicro, Fondazione Social Venture Giordano Dell’Amore investing, has started the first trial in Italy of an innovative financing structure called “Impact Grant” which, through the adoption of specific legal and contractual instruments, enables a company that is the beneficiary of an investment to transform part of it into a grant, provided it achieves pre-agreed social impact objectives.

Impact

  • 242 mln/€ amount of loans
  • 31,673 people financed
  • 4,280 entrepreneurs financed
  • Social well-being: 57% of the entrepreneurs interviewed said they had increased their social well-being, € 29% reduction in poverty in the areas concerned, € 11.8 million increase in state revenues, € 9.6 million savings on spending public
Foundation year
2007
Legal status
Financial Intermediary S.p.A.
Site
Milan
Sector
Financial inclusion
In portfolio since
2017
Type of investment
Equity
Website: www.permicro.it