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
Organization: European Commission
Year: 2017
Country/ies: Italy
Geographical coverage: European Union (European Union)
Type: Project
Full text available at: https://webgate.ec.europa.eu/fpfis/cms/farnet/microcredit-small-scale-fishermen
Content language: English