Definition
Valori Responsabili funds underwriters do not pay any commissions or performance fees still they have the rights to devolve 0,1% of the subscribed amount (1€ per thousand) to a guarantee fund involved in Italian microcredit projects managed by Banca Popolare Etica.
Banca Popolare Etica, thanks to this fund, can grant a loan to:
- People in financial troubles, without asking any special guarantees
- New entrepreneurs
- Social cooperatives which need a recapitalization
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