Fund for Impact

The Fund for Impact, an instrument provided by the 2018-2021 Business Plan, created in 2019 and with an endowment extended to 300 million euros following the integration of UBI into the Intesa Sanpaolo Group, is intended to allow the disbursement up to 1.5 billion in social impact credit to categories with difficulties in accessing credit despite their potential.

The 2022-2025 Business Plan confirmed the relevance of these issues and the continuation of the initiative as a priority for achieving financial inclusion.

The Fund for Impact supports the following initiatives:

• Per Merito, the unsecured loan mainly intended for university students, which in 2021 financed 8,550 students by disbursing them approximately 71 million euros (approximately 162 million since the beginning of 2019)
• MAMMA@WORK, a loan intended for working mothers so that they can manage the economic commitments relating to maternity while maintaining their working position. In 2021, the product financed 90 mothers, 175 from the start, for a total agreement of about 800 thousand euros;
• XME StudioStation, a loan for families to support distance learning. In 2021, € 0.5 million was disbursed;
• Obiettivo Pensione, a product that finances missing contributions to people who have lost their jobs and are awaiting retirement. The product provides for a long-term repayment of the financed amounts.

In 2021, new products were made available within the scope of Fund for Impact:

• “Per Crescere”, a loan dedicated to parents with school-age children, aimed at supporting training and education costs such as language courses or expenses for the development of psychomotor skills and speech therapy. Households with an ISEE not exceeding 40,000 euro can have access to a credit line of 2,000 or 3,000 euro per year for a maximum period of 5 years. At the end it is possible to return the sums used in 15 years
• “Per Avere Cura”, a product aimed at people with severe disabilities or those who care for a non-self-sufficient family member, in order to make healthcare costs more sustainable, such as nursing services or the purchase of healthcare accessories and provide support to caregivers. This is done through a credit line of 6,000 euro per year for a maximum period of 2 years. At the end it is possible to return the sums used in 15 years
•  “Per Esempio”, dedicated to young people who carry out the Universal Civil Service involved in social assistance projects. People aged 18 to 30, residing in Italy, who have finished an experience of Universal Civil Service and who have to incur expenses related to starting their first work experience, can have access. The loan, repayable in 15 years, is for an amount between 2,000 and 8,000 euro.