Impact assessment of per Merito and mamma@work products

Summary report for the period July 2020 – June 2023

Intesa Sanpaolo publishes the summary report of the results (July 2020-June 2023) relating to the social impact assessment of mamma@work and per Merito, Intesa Sanpaolo products supported by the Fund for Impact.
The Fund for Impact is a tool to promote credit inclusion initiatives with high social impact, launched with the 2018-2021 Business Plan and reconfirmed in the current Plan. With an availability of €300 million, it allows the disbursement of leveraged credit of up to €1.5 billion.
The social impact assessment is carried out using a methodology developed by the Impact Department of Intesa Sanpaolo which is based on a questionnaire - the RIM, Impact Detector - to detect the effects generated by the Bank's credit on the beneficiaries and on society.

per Merito

Between March 2019 and June 2023, 11,877 students obtained per Merito loans (for a total amount of €198 million). The impact assessment made it possible to detect the effects generated by per Merito on study paths.
The monetizable value of the positive impact generated by per Merito corresponds to approximately €170.7 million (projected over 20 years). 86% of the total monetizable impacts generated by the product are attributable to students.

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mamma@work

Between July 2020 and June 2023, 318 working mothers obtained the mamma@work loan (for a total amount of €6.7 million).
The impact assessment made it possible to measure the effects on the beneficiaries of the initiative, and particularly on new mothers, to whom 58% of the monetizable impacts generated by the product can be attributed.
The overall value of the monetizable positive impact of mamma@work corresponds to €10.7 million, over a 25-year horizon.

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