The aim is to socially reintegrate the beneficiaries of this credit, enabling them to recover from work and economically. But how do you get a Hope loan? Here are the requirements and how to apply.
How it works and how much is financed
The loan of hope can give rise to a social credit and a credit “Doing business”. The first can be accessed by individuals, and consequently also by families, with loans of a maximum amount of 7,500 USD. which have the characteristic of being spread over six installments, one every two months (the average amount of an installment amounts to approximately 134 USD) each with a maximum Tan of 2.5%. Micro credit enterprises, cooperatives or limited liability companies who request an amount not exceeding 25,000 USD, with an indicative monthly installment of 468 USD and Tan at 4.5%, access the Fare Impresa credit. In both cases, the loan is repaid to the bank within six years (amortization plan).
All the requirements needed to access the loan
The loan of Hope (in 2015 version 3.0 was launched), which does not pay money directly but functions as a guarantee fund for loans granted by Banca Prossima (which allows you to access its portal with registration and login), of the Cream Bank, not all but exclusively natural persons, families or micro-enterprises that are going through a delicate work and financial phase can access.
This group includes: unemployed and self-employed, unemployed young people, precarious workers, young couples about to start a family and who need to buy durable (and non-ephemeral) goods, individual businesses, micro-enterprises in the start-up phase that encounter difficulties in access to credit, cooperative companies and srl (see also Microcredit).
How to apply for a Hope loan
To apply for a Hope loan, you must go to one of the nearest Bank offices and present at least one of the following documents for natural persons: Isee certification, letter of dismissal or certificate of unemployment, document certifying invalidity or inconvenience. Different is the case of micro-enterprises, which will have to show their registration in the Chamber of Commerce and VAT number, DURC with regularity of tax positions, economic balance of the last three years of activity, business plan of the activity they intend to undertake.