The mayor of Moratalla, Juan Llorente, and Microbank CEO, Alberto López, yesterday signed a cooperation agreement to finance microcredit.
The agreement between the City Microbank and facilitate the lending of small amounts aimed at those with difficulty accessing traditional credit system.
It will support and encourage the development of innovative projects for people with entrepreneurial spirit.
The ceremony was also attended by the area director of "la Caixa", Alfonso Bueno.
MicroBank, in operation since last year, is aimed at all people with limited economic resources and the third sector, with the aim of promoting productive activities, personal development and job creation.
The criteria for granting microcredit by MicroBank serves primarily to personal confidence and viability of projects to fund, customers can access them devoid of assurances and guarantees required by the traditional financial system.
The bank has financed more than 23,000 projects from inception through its three divisions of funding.
Social Microcredit in an amount limit of 15,000 euros, focusing on the creation of productive activity, the Microcredit Finance in an amount limit of 25,000 euros, which support self-employment and micro-entrepreneurs, and family care, which facilitates access to funding of groups with limited resources.
The social character of microcredit is supported by the fact that over 44% of microentrepreneurs are women and over 57% are immigrants, two sectors of the population with greater difficulties in accessing the labor market.
The activities that predominate among businesses launched by the beneficiaries of MicroBank are trade (42%), business-messaging services, social care, cleaning ...- (37%) and hospitality (16%).
Agreements with over 300 social organizations
In granting micro-credits, in addition to the 5,500 branches of "la Caixa", collaborating entities that provide knowledge of the people who have been granted loan operations, advise and track projects.
To date, MicroBank has signed agreements with 342 social organizations in Spain, ensuring the viability of the projects financed.
The social partners are organizations of all kinds with experience in carrying out economic or social assistance aimed at enhancing small business development, promote self-employment and encourage entrepreneurship.
MicroBank is present in the main forums for microfinance in Spain and Europe, including the European Microfinance Network.