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 Versión en Español
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| They are loans for small amounts (the average loan being 200 $) intended to enable people to start up self-employed work and/or to set up, consolidate or boost microenterprises, the recipients being groups of approximately 30 beneficiaries. |
| Candidates for being granted microloans belong to population groups from developing countries and have low economic resources, they customarily being excluded from the usual sources of finance. |
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This is what is termed the “informal sector”, a sector estimated to account for 60% of the active population in most Latin-American countries. The Barceló Foundation has been using microloans as development instruments in the Third World since 1998 by granting financial-assistance funds in the form of small, repayable personal loans for financing the purchase of materials, consumables and other expense items regarded by the applicant or beneficiary as necessary for staring up a new productive activity or improving an existing one. | |
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| 1. Projects aimed at creating or improving self-sustaining productive employment for local communities with very low income levels. |
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| 2. Projects fostering employment in private, self-employed businesses involving one person or in microenterprises bringing together several beneficiaries. |
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| 3. Projects that take in a set of personal self-employment microprojects and/or microenterprises, the beneficiaries being individually specified. |
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| The projects should have a skills-enhancement component. In the period from 1998 to 2005, numerous microloans were granted, benefiting over 10,000 people and involving an investment of over 850,000 euros in those people. | |
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