How much impact do you expect from microfinance?
Transcript of How much impact do you expect from microfinance?
#ficompass
How much impact do you expect from microfinance?
Andrea Limone, CEO, PerMicro, Italy
Giulia Boioli, Communication manager, PerMicro, Italy
METHODOLOGYTHE SURVEY
About 50 multiple choice questions in the survey
Screening criteria:
- Loan which is closed/extinguished or open from at least 12 months
- max two unpaid installments
533population
104 Completed interviews
(sample)
827 under 35 entrepreneurs
received a loan from PerMicro [April 2013 – June 2017]
26
DISBURSED LOANS TO UNDER 35 ENTREPRENEURS
[2013-2017]
827
€ 14.116.890
=
xMICROCREDITS TO
UNDER 35 ENTREPRENEURSAVERAGE AMOUNT DISBURSED
TOTAL DISBURSED AMOUNT
17.070 euro
27
METHODOLOGYPROFILE OF THE
RESPONDING POPULATION[104 enterprises]
Men59%
Women41%
Gender
Italian87,5%
Other2%
Bengalese4,8%
Chinese2%
Rumanian3,8%
Other12,5%
Nationality
Marital status
Education level
Unmarried49%
Cohabitants19%
Married29%
Divorced 1% Widower 2% Middle School 12%
Professional Course9%
High School Diploma 47%
BA Degree22%
MA Degree11%
28
METHODOLOGYENTREPRENEURIAL PROFILE OF THE
RESPONDING POPULATION[104 enterprises]
Take over5%
Start Up58%
Development36%
Entrepreneurship creationFood services
13%
Sedentary Trade21%
Craftmanship7%
Service to People17%
Catering14%
Other28%
Business sectors
29
OUTCOME # 1 - INDIVIDUALECONOMICAL/HOUSING
INDEPENDENCE
REACHED A SITUATION OF HOUSING INDEPENDENCE
MANAGED TO BUY A HOUSE OR TO PAY A NON-SUBSIDISED RENT
27%
50%
18%
5%
19%
54%
24%
3%
0%
10%
20%
30%
40%
50%
60%
Abito con i genitori Abito con ilconiuge/convivente
Abito da solo/a Abito con un/acoinquilino/a
Housing situation
Prima di richiedere il finanziamento a PerMicro Attualmente
10%
6%
30
OUTCOME # 1 - INDIVIDUALHOUSING/ECONOMICAL
INDEPENDENCE
REACHED ECONOMICAL
INDEPENDENCE FROM THEIR FAMILIES
ANNUAL SAVINGS OF FAMILIES€ 231.563*
56%
16% 17%
6% 4% 1% 0%
69%
10% 11%5% 2% 1% 1%
0%
10%
20%
30%
40%
50%
60%
70%
0 € Meno di 300 € al mese
Tra 301 e 500 € al mese
Tra 501 e 750 € al mese
Tra 751 e 1.000 € al mese
Tra 1.001 e 1.250 € al mese
Tra 1.251 e 1.500 € al mese
Subsidies from the families
Prima di richiedere il prestito a PerMicro Attualmente
13%
* Data referred to the entire population 31
OUTCOME # 2 - INDIVIDUALACCESS TO CREDIT AND
PROFESSIONAL GROWTH
INCREASED THEIR ENTREPRENEURIAL SKILLS
(LEADERSHIP, ORGANIZATIONAL SKILLS, PROBLEM SOLVING …)
INCREASED their SATISFACTION towards their joband their WORK STABILITY
90% SATISFIED THEIR NEED FOR REQUESTING A LOAN TO PERMICRO
61%
2 out of 3
32
OUTCOME # 3 - INDIVIDUALYOUTH OCCUPATION
WOULD HAVE CONSIDERED MOVING ABROAD IN CASE OF NEGATIVE RESPONSE FROM PERMICRO
MOVED FROM A PRECARIOUS TO A STABLE CONDITION OF WORK
COULD NOT HAVE STARTED THEIR ACTIVITY IF IT WAS NOT FOR PERMICRO’S MICROCREDIT
28%
43%
37%
33
OUTCOME # 4 SOCIO-ECONOMICAL SYSTEM
YOUTH OCCUPATION
* Data referred to the entire population
DECLARES THAT TECHNOLOGY PLAYED A SIGNIFICANT ROLE IN THEIR BUSINESS MODEL
256*NEW
ENTERPRISES
44%OF WHICH
139* ENTERPRISES
HAVE INCREASED THEIR INCOME
AVERAGE EARNING BEFORE TAX OF NEW AND ALREADY EXISTING ENTERPRISES
36.360€
34
OUTCOME # 5 SOCIO-ECONOMICAL SYSTEM
YOUTH OCCUPATION
HIRED AT LEAST ONE PERSON SINCE THE BEGINNING OF THE LOAN
WERE HIRED BY ENTERPRISES, AFTER THEY RECEIVED THE LOAN
HIRED AT LEAST ONE UNDER 35 PERSON
IN AVERAGE WERE HIRED WITH A PERMANENT CONTRACT
of which
* Data referred to the entire population
47% of
enterprises
81%
2,9 people
(average)
180* youngpeople
under 35
35
IMPACT # 1 - INDIVIDUALPERSONAL WELFARE AND
FINANCIAL INCLUSION
DECLARE AN IMPROVEMENT OF THEIR QUALITY OF LIFE
due to:
• a higher economical independence
• a higher decisional independence
HAD ACCESS TO other souces of CREDIT
72%
75% INCREASED THEIR FINANCIAL KNOWLEDGE AND SKILLS
1 over 2
36
IMPACT # 2 SOCIO-ECONOMICAL SYSTEM
GOVERNMENTAL REVENUESINCREASE
Taxes increase over entrepreneurial income
Taxes increase over entrepreneurial income
from new workers
Taxes increase over entrepreneurial personal
income
AVERAGE GOVERNMENTAL REVENUES INCREASE
+ +875.120*
euro650.680*
euro291.748*
euro
= € 6.248.928*
[€ 1.816.549* x 3,44]
[Annual governmental revenues increase x average loans duration from the disbursement up to June 2017]
* Data referred to the entire population 37