Loans for former prisoners: how to access microcredit?
October 9, 2019
Re-integration of social partners: guide to loans for ex-prisoners
Reintegration into society is very complex for ex-offenders, above all due to the economic difficulties they find themselves in when they do not have the support of family or friends, especially in the early stages after leaving the prison.
To obtain loans or loans, ex-prisoners in fact encounter great difficulties (with the exception of those crimes in which ancillary penalties for inhibiting relations with banks are in force) mainly because, in most cases, they have no demonstrable income.
A situation, fortunately, that can be overcome through the presentation of guarantors or in the absence of the latter, thanks to the intervention of specialized associations for their support, or to access to micro-credit, a measure adopted in some Regions in Italy, among the which Lazio stands out for.
The characteristics of micro-credit
For this form of loans for ex-offenders, you need to turn to the banks that adhered to the microcredit provision regulation by the region, which acts as guarantor for granting the loans.
However, the region does not directly dispense the sums requested ( in the case of “social” microcredit, it generally reaches a maximum of 10 thousand USD ), which are granted at subsidized rates by the banks that are affiliated in the manner prescribed by the contract.
An example is the Bcc that with Lazio sees the fund guarantee coverage for 90% from the region and 10% from it. However, each Region has provided different paths to help ex-offenders to reintegrate into society and above all into the world of work.
The requirements to apply for funding for ex-offenders
Since these are predominantly regional initiatives, if you want to have access to facilitated forms, there are considerable differences with regards to the minimum requirements to be possessed in order to obtain the necessary sums.
In some cases it is necessary to be ex-prisoners for a maximum of 2 years (which is calculated from the date of leaving the prison) while in numerous regulations it is also indicated that a contract of employment must be presented. This may seem a paradox, but it depends on the type of purpose one wants to achieve with the loan: help in the initial phase of reintegration into society to support the first necessary expenses (such as housing, food, etc.), or to facilitate the reintegration into the world of work, supporting however all the current expenses linked to subsistence until one enters ‘at full capacity’.