Update on EaSI Programme for Microfinance 7 th June 2019, Vienna - - PowerPoint PPT Presentation

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Apr 03, 2024 232 likes •309 views

Update on EaSI Programme for Microfinance 7 th June 2019, Vienna Filippo Chiesa Compliance and AML - PerMicro PerMicro: the ambition to finance good entrepreneurial ideas and family needs Funded in 2007 in Torino (Italy). Specialised in

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Filippo Chiesa Compliance and AML - PerMicro

Update on EaSI Programme for Microfinance

7th June 2019, Vienna

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Funded in 2007 in Torino (Italy). Specialised in microcredit for family needs and entrepreneurs, those who wish to start or further develop their own micro-enterprises, in particular people who have difficulties in entering the job market or in accessing finance.

PerMicro: the ambition to finance good entrepreneurial ideas and family needs

I EaSI guarantee fund

October 2015 – April 2018

50 employees 14 branches (3 South) Done in 2,5 years: 17 mln disbursed to 940 entrepreneurs II EaSI guarantee fund

April 2018 – April 2021

70 employees 16 branches (5 South) Target in 3 years: 29 mln disbursed to 1.700 small business

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A boosting tool?

BENEFITS ➢ Implementation European CoGC ➢ Lower interest rate from 11% to 7.9% and inquiry fee cap ➢ Lower barriers to entrepreneurs: new potential-entrepreneurs; new branches BE AWARE OF ➢ CoGC is an investment of time and resources ➢ New product (covenants respect) ➢ ICT systems implementation ➢ Ex-post assessment and checks ➢ Credit risk still existing GOOD NEWS ➢ 52% Start-up ➢ 47% under 35 ➢ 41% migrants ➢ 34% women (vs 25% national average)

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Room for improvement

➢ More ambitious target: to 7 mln (2014) per year to 10 mln (2020) ➢ Trust and time: ex-post assessment, it does not take time in the credit process ➢ Easy call and disbursement process for loss ➢ Controllers’ behavior (positive, collaborative, comprehensive) ➢ Technical assistance before starting: light due diligence about the process and ICT tools ➢ Simplification: give me one number; agreement without a legal opinion; collect

nly essential data

➢ New guarantee for other needs? Social inclusion: education, health, future (investing in their own country)

Useful instrument

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https://www.youtube.com/watch?v=1ydJrde4N4M

SUCCESS STORY

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THANK YOU!

For inquiries and partnerships, reach me at: filippo.chiesa@permicro.it