PerMicro – Microcredit in Italy
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 23 branches. It is designed for people who do not have an easy access to regular banks.
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.
During 2023 PerMicro received a due diligence by MicroFinanza Rating aimed at confirming the requirements for maintaining the certificate of the European Code of Good Conduct for Microcredit operators, valid for obtaining European financing.
The Microfinanza Rating assessment, validated by the steering group of the European Commission, was based on the analysis of PerMicro’s compliance with 147 applicable clauses. From the auditors’ examination, PerMicro was compliant for 142 of them, equal to 96% of the total, recording growth compared to the 94% recorded in the previous 2020 assessment.
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.