PerMicro – Microcredit in Italy

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PerMicro
is a Turin-based Non-Banking Financial Intermediary specialized in microfinance products.

The organisation provides small loans to entrepreneurs or households, nationwide, thanks to its 20 branches. It is designed for people who do not have an easy access to regular banks.


Networks

PerMicro is founder member of RITMI, Rete Italiana della Microfinanza, whose main activity is the promotion of microfinance and microcredit in Italy. Its goal is reaching social inclusion for underserved and financial excluded people.

PerMicro is member of EMN, European Microfinance Network, which works for promoting microfinance tools against unemployment and social and financial exclusion.

In November 2021 PerMicro signed a memorandum of understanding with the Italian Ente Nazionale per il Microcredito. The Protocol has as its object the promotion of financial education, business culture and the social and financial inclusion of the most vulnerable in society.


Certifications

In April and May 2020 PerMicro had a due diligence by MicroFinanza Rating aimed at confirming the requirements for maintaining the Code of Good Conduct for Microcredit provision certificate, valid for obtaining European funding.

The Microfinance Rating evaluation, validated by the European Commission’s steering group, was based on the analysis of PerMicro’s compliance with 167 applicable clauses. From the examination of the auditors, PerMicro is compliant for 158 of them, equal to 94% of the total, recording an increase compared to the 92% recorded in the first assessment of 2017.

The improvement is even greater if we consider that the examination was conducted considering PerMicro a “large” (and no longer medium) institution, with the inclusion of a dozen additional clauses, typical of more structured companies.