COUNTRY PROFILE
Italy
A standardised profile of the microfinance ecosystem — regulation, actors, funding, and the latest news. Expand any section below.
01 · REGULATION OF LENDING
Regulation of lending activity
Regulation of lending activity
Regulatory scenario
With microcredit regulation
Dedicated law regulating microcredit
Consolidated Law on Banking
Dedicated law passed (year)
2010
02 · SUPERVISORY FRAMEWORK
Supervisory framework for non-bank lending
Supervisory framework for non-bank lending
Supervisory authority
Bank of Italy (ad interim)
Authorised non-bank lender — type 1
Specialised microcredit operators: Limited companies, cooperative limited companies
Type 1 — profit orientation
Both for-profit and nonprofit
Type 1 — minimum capital
EUR 250.000
Authorised non-bank lender — type 2
Foundations, mutual aid societies; local and governmental agencies; social cooperatives; non-profit cooperatives
Type 2 — profit orientation
Non-profit
Type 2 — minimum capital
Not defined
Other non-bank lenders (1)
Other non-bank lenders that adhere to the criteria of Art. 111
03 · PRODUCTS
Products
Products
Business microcredit — max. amount
EUR 75.000 ( in cases of limited liability
companies, the loan ceiling can be extended
up to EUR 100.000*)
Business microcredit — max. term
10 years
Business microcredit — interest cap
Yes, in accordance with the anti-usury legislation
Business microcredit — purpose
To support entrepreneurial activities
Business microcredit — target clients
Self-employed individuals within their first five years of activity or microentreprises
Business microcredit — mandatory non-financial support
Technical assistance, tutoring and monitoring
Personal microcredit — max. amount
EUR 10.000
Personal microcredit — max. term
5 years
Personal microcredit — interest cap
Yes, linked with the average market
effective annual percentage rate
Personal microcredit — purpose
To support social and financial inclusion
Personal microcredit — target clients
Individuals who are experiencing economic or social vulnerability (e.g. unemployment, poor standard living conditions)
Personal microcredit — mandatory non-financial support
Technical assistance, tutoring and monitoring
04 · INCENTIVES & SUPPORT
Incentives and support
Incentives and support
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05 · DEVELOPMENT OF FRAMEWORK
Development of existing framework for non-bank microcredit provision
Development of existing framework for non-bank microcredit provision
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