MicroBank increases by 89% the amount of loans granted in the first semester to entrepreneurs

  • MicroBank, the social bank participated by CaixaBank, has experienced in Aragón in the first half of 2017 a growth of 89 percent over the same period of the previous year in the amount allocated to finance the start-up or business consolidation projects. Specifically, 2.3 million euros have been granted in 207 loans for entrepreneurs.

MicroBank incrementa en Aragón un 89% el importe de los préstamos concedidos.

In turn, the other line of the bank, the financing of personal projects, has registered in the first half of the year the formalization of 876 loans to families, for an amount of 4.8 million euros, 40 percent more than a year before

The bank has registered a significant growth of its activity since its creation in 2007, until reaching for the first time a total loan portfolio for an amount exceeding 1,300 million euros. The achievement of this figure shows the continued commitment of MicroBank to provide financing to people with access difficulties to the traditional credit system, with the dual objective of meeting specific needs of families and contributing to the creation of jobs through the implementation of in progress or consolidation of entrepreneurial projects by entrepreneurs.

Since it began its activity, MicroBank has already granted 673,556 loans to which it has allocated 3,656 million euros. The president of MicroBank, Antonio Vila, has considered that MicroBank has established itself as “one of the main references in microfinance in Europe”, with a model of social banking that has been able to adapt “to the requirements of the reality that surrounds it”.

“The main challenge of our bank has been to combine the social value of the work carried out with sustainability and the capacity to grow. The work aimed at equal access to credit, support for the creation of employment and the promotion of financial inclusion are signs of identity that have distinguished the bank since its inception and that will continue to define our actions in the future, “he said.

The social bank grants one hundred percent of the operations based on the trust in the person and the viability of its project, without asking for or accepting any type of real guarantee.



MicroBank continues to promote products aimed at meeting the needs of those groups that find it more difficult to access financing. Through the support of the more than 5,000 CaixaBank offices and the work carried out in collaboration with the 577 social entities that act as a link between potential customers and the social bank, the entity distributes its products and services with significant growth, year after year, which translates into a positive evolution that affects the sustainability of the project.

Loans nicezoop.com/law-school-six-answers-to-find-before-starting resulting from collaboration with social entities increased by 104% in 2016 compared to the previous year, reaching 16.3 million euros granted.

Likewise, MicroBank has the support of some of the main European institutions involved in the promotion of entrepreneurship and microfinance. This is the European Investment Fund (EIF), which assumes a part of the bad loans, and the Development Bank of the Council of Europe (CEB) and the European Investment Bank (EIB), which offer to finance under especially competitive conditions.

MicroBank is the only bank in Spain dedicated exclusively to the financing of projects through microcredits. The entity was a pioneer in its business model and continues to be the one that allocates the most resources to this activity. The entity offers microcredits aimed at entrepreneurs and micro-enterprises to create or consolidate businesses; and family microcredits, which are intended to offer financial support to families with modest incomes who want to develop a specific project.

When To Get A Pay Day Loan

After applicants have obtained their loans, it is recommended that will borrowers should pay back the particular loans loan prior to the deadlines

They should try not to receive a lot of extensions on the loan simply because they may not even be granted based on the lender. If the lender is definitely agreeable and offers an extension, debtors must know about the consequences. Increasing the deadline will increase the quantity of interest on the payday loan. For this reason, paying the loan back again by the very next short-term or as soon as possible is the best choice.

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Proof of work and age should be offered when venturing into the workplace of a payday loan provider. You need to be able to prove you are eighteen or older and that there is a regular income.

Financial debt to income ratio is really a big credit buster

Brand new creditors want to loan in order to customers who will have available money to pay the money back. Your earnings may be high, but when the credit check is done and the listing of balances is viewed, great chances the lender will refuse you and leave you looking at payday loans online for a convenient method to get fast cash. You will require a working bank account and evidence of income in order to be approved for your loan. The high-risk mortgage will provide fast money plus schedule a quick payoff in exchange. These loans will cause troubles for those who are not able to pay the particular loan plus fees around the original due date.

Such payday loan services require absolutely no credit score checks or other aggravations. People from all over the country who require these loans only have to talk about a bit of their personal information. It provides the candidate’s nationality, nationality, employment-ability, and a healthy banking account.

A payday loan via Loans-Payday.online can be a benefit to you and less costly compared to insufficient fund fees upon bounced checks or the charges you might pay to have your own utilities turned back upon because you could not pay your own bills on time. The best way to start using a payday loan is to borrow the particular amount you need and pay out the loan back as soon as possible.

Corsica: Credit Agricole spared?

Ten years of education, a financial hub specially created court of Bastia, 40 indicted, two prefects, a record of nearly 100 volumes and … a big flop. In his written indictment of 24 November, the prosecutor of Bastia demanded a general dismissal in the judicial investigation on Credit Agricole and misuse of state subsidies.

Allotment. Launched after the assassination of Prefect Erignac in 1998 as part of “Operation Clean Hands”, the case seemed overwhelming to start: Credit Agricole gave loans to farmers who never paid back, waiting for the State cleans the slate. True or false farmers truquaient their statements, and some loans had nothing to do with agriculture: a bought racehorses, the other cars, the third built a subdivision. The state approved uncontrolled squandering of public funds in the name of “social peace” (dearly) gained. “[People from agricultural unionism] told me that the returnees from Algeria were sponges, and we should be, too, said a farmer continued. So I stopped to pay, [if] I would not have the right to total obliteration “He added.” At the time, when there was a bomb in Corsica, measures were taken in Paris “Give them four under and there will be a bomb.” “another farmer told:” responsible Credit Agricole incited farmers, calling home for a loan, which they would never be to repay […]. All held the same language: do not pay the installments because it was going to be debt forgiveness “All with the approval of the prefects, as noted by a farmer.” When a perfect gave me something I thought it was acquired. If it’s not legal, I wonder why I have benefited from these measures. ”

Two prefects were prosecuted for fraud to the detriment of the state. But for the floor, they do not exist: the “undue excesses and aids” result of “faulty investigation of cases” and practice prefects who parted circular, but “with the agreement of Minister of Agriculture. ” As the government covered, non-places are required. Henry Reeve Hurand indicated during the investigation: “We can now consider that this aid was not consistent with what should be the policy in Corsica, but I think that this assessment is not within the legal debate. “as for Credit Agricole, its regional office in deficit,” it does despoil by providing loans to clients to pay off other loans, “said the prosecutor. While some loans “are false.” But the prosecutor goes the towel.

“Posturing.” With this indictment, the judge will close or not the case. For Mr. Jean-Michel Mariaggi, lawyer of an accused, “nobody knew anything that was done, it was to preserve the agricultural sector at all costs, in a pattern that would find elsewhere in France”. Plaintiff for Crédit Agricole, Mr. Ralph Boussier denounces this issue of “posturing” which mixed the judiciary and politics, partly to accredit the “farm track” in the investigation into the assassination of Prefect Erignac, that is incorrect.

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