More support for micro-enterprises, and especially for people who are often excluded from traditional bank credit. This is the heart of the agreement signed by the European Investment Fund and Banca Popolare di Milano as part of the "Progress Microfinance" initiative.
Thanks to this agreement, the popular Milanese will make micro-loans available (a sum of less than 25 thousand euros) for a total amount of 8 million euros to support over 400 micro-enterprises, in particular those started by self-employed workers, young people, women and immigrants, divided between existing small businesses and start-ups created by young entrepreneurs from the Milan area.
In addition to the opening of credit, companies will also be able to count on all the services accompanying the implementation of the business project made available by the Welfare Foundation and there will also be a specific path in favor of the under 35s.
