BANCA POPOLARE ETICA We give credit to the South
BANCA POPOLARE ETICA • The Fundamental Principles • Participation of the members • Support to economic activities that are inspired to a model of human social sustainable development • Savings addressed toward high valued social projects • Transparency
Banca Etica e il Microcredito • At the basis of the micro-credit programs there is a problem of exclusion related to the emerging of a phenomenon of negation of a particular right: the access to the credit.
Banca Etica e il Microcredito • The Ethical Bank considers the micro-credit as a suitable tool to strengthen the processes of local development, because it can contribute to the attainment of the objectives of the welfare politicy: • creation of employment; • reduction of the social exclusion; • renewal of the local economies; • rebirth of economically depressed areas.
Banca Etica e il Microcredito • The Ethical bank promotes in Calabria two typologies of intervention through the tool of the micro-credit: • programs for the creation or the support of micro and small enterprises; • programs of partner-relief nature; • Both the typologies are based on the followings conditions: • construction of a partnership with strong territorial rooted subjects; • priority of the relationship between the organization of reference and the beneficiary subject.
Microcredito per le donne • The 3rd July 2006 a violent downpour stroke the province of Vibo Valentia causing corpses and huge damages to the economy. • At end July, following the suggestion of the Gender Regional Councillor of Calabria, an agreement is undersigned for the constitution of a fund for the entrepreneur women that have suffered damages from the flood and finalized to the reboot of the economic activities.
Microcredito per le donne • The partnership is composed as follows: • Gender regional councillor of Calabria, • Economy Minister of Region Calabria, • Provincial Administration of Vibo Valentia, • Popular Ethic Bank, • Chamber of Commerce of Vibo Valentia, • Gender Provincial Councillor of Vibo Valentia, • Section Fidapa of Vibo Valentia, • Soroptmist International Club of Vibo Valentia, • Caritas Diocesana of Vibo Valentia, • Ethic Foundation Calabria
Microcredito per le donne • The partnership has constituted a fund for loans (maximum amount € 20.000) that can be refunded in 7 years without interest and without expenses. • The fund has an endowment of € 150.000 and a capacity to finance 40 initiatives.
Microcredito per le donne • The net of the female associations, with the coordination of the Gender Regional Councillor of Calabria, has assisted the entrepreneur women in the fund application phase.
Microcredito per le donne • Up to today 17 initiatives have already been funded for a total of € 311.000. • All the beneficiary enterprises are regularly returning the loan.
Il progetto AMICA • The Ethic Bank and the Ethic Foundation Calabria have, together with the local church, constituted a fund of guarantee for the start up of the project AMICA (friend) • Action • MIcrocredit • CAlabria.
Il progetto AMICA • The beneficiaries of the microcredit program are the residents in Calabria: • with a low income or a part - time job; • new workers or still on a provisional basis; • subjects with a small income that have difficulty of access to the ordinary credit system; • young Italian or immigrated in possession of a stable job and residents in Calabria from at least two years; • families; • elderly in possession of minimum the least pension.
Il progetto AMICA • The microloans will be disbursed to the beneficiaries through a micro credit of Max € 5.000,00. • The maximum duration of the financing has been fixed in 36 months. • The questions for the micro credit application can be submitted at the offices of the local church.
Il progetto AMICA The project AMICA has the following finalities: • housing • payment of bills, food and primary needs; • to face expensive health expenses; • momentary impossibility to face the needs of the family (also educational expenses); • economic contingent difficulty of legal immigrants.
Il progetto AMICA • The Ethic Foundation Calabria has made available, as a title of guarantee, an endowment of € 100.000 with the commitments to annually integrate the fund. • in the 2008 the Ethic bank will fund in total € 200.000
Il progetto AMICA • The Local Church is providing assistance to the possible beneficiaries selecting among those that can have the loan and those to which, instead, is better to give beneficence (charity).