BCC MICROCREDITO (FEDERCASSE- Italian Federation of Cooperative Credit Banks)
Microcredit has always been a prerogative of “community banks” such as the Co-operative Credit Banks (BCC). Nowadays the 51% of BCC (385 nationwide) supports with microcredit micro-enterprises launch or development with loans of less than € 5.000, or people (with the aim of encouraging financial inclusion) with loans of less than € 10.000, according to Italian regulation. During 2013 individuals funded were 3,377 for a total of € 37 millions. Beneficiaries were young for 39%, unemployed or people in layoffs for 33%, migrants for 22%, families with difficulties for 5% and about 1% are disabled. The average duration of those loans is up to 18 months for 2%, between 19 and 16 months for 47%, between 37 and 60 months for 47% and over 60 months for 4%. Different are the disbursement modalities depending on the territory where they are and organizational choices of individual BCCs (these banks are autonomous in their territory). There are in fact direct agreements with Diocesan Caritas, Association and Foundations against usury, local development entities, specialized operators (PerMicro), etc.
For further details about the BCC Microcredito ( in Italian) please follow this link.