Family Farming Knowledge Platform

Microcredit for small-scale fishermen

For years, the local fishermen have been enduring the effects of the financial crisis. The region’s banking system is limited to a few operators with strict constraints for attributing loans. Fishermen cannot necessarily provide a typical guarantee, making it difficult for them to obtain loans. Because fishermen do not always fit the standard profile of a borrower, they can be categorised as ‘non-bankable’. Recent discussions with these local fishermen made clear the need to provide them with a more accessible credit system to help fund their initiatives.

 08/06/2005 - 10/06/2005
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Organization: European Commission
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Year: 2017
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Country/ies: Italy
Geographical coverage: European Union (European Union)
Type: Project
Content language: English
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