Social Microcredit

Fondazione di Venezia’s project, addressing the needs of financial inclusion and social integration, helped provide microcredit to non-EU women with a valid residency permit and living in the Province of Venice.  Not considered bankable by the conventional credit system, the project supported women who either wanted to start a business or access individual professional growth opportunities such as participation in professional or vocational courses.

From 2005 to 2010, 28 projects were supported equalling a total value of €225,774 in approved loans.

The loan sizes were of minimum: €2,000 for developing economic activities, €1,000 for employability projects and maximum: €20,000 for individuals (individual enterprises and self-employment) €35,000 for groups (companies).

Foundation
  • Fondazione di Venezia
Country
  • Italy

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