Since 1996 the Cooperatives of Emilia Romagna Region have their own guarantee consortium: COOPERFIDI

Who it applies to

The Small Medium Enterprises under cooperation form all over Emilia Romagna region.

COOPERFIDI's purpose

To supply:

-loans through bank agreements for all business needs covered by a  50% guarantee upon  the entire requested ammount.

-clear and equal conditions for all applyers and "best costumership" interest rates

-assistance to its associates on how to successfully  deal with the bank

Agreements with banks

Through the cooperation with the majority of banks, well diffused on the regional territory, which thanks to the corsortium's guarantee provide  loans that surely contribute to the growth of competitiveness  of the Cooperfidi associated enterprises, with interest rates stucked to Euribor and limited expenses.

Body supportes

UNIONCAMERE EMILIA ROMAGNA, the four cooperative associations: AGCI, CONFCOOPERATIVE, LEGA COOPERATIVE, UNCI  and REGIONE EMILIA ROMAGNA intervene with grants in order to increase the guarantee funds.

Local authorities:  The Provincial Administration, Municipalities and Chambers of Commerce interevene in support of Cooperfidi's associates with grants aimed to reduce the interest rates.

CooperFidi's Organization Chart

Board of Directors - The Board of Directors is vested by the Bylaws with the broadest powers for the ordinary and extraordinary management of the Company and is empowered to carry out all actions that it deems advisable for the realization and achievement of the corporate purpose. 

Chairman - The Chairman is empowered by the Bylaws to represent the Company legally and to sign on its behalf, presides over Shareholders' Meetings, convenes and presides over the Board of Directors, and makes sure that the Board's resolutions are implemented.

Board of Statutory Auditors - The Board of Statutory Auditors is responsible for:                                              

a) ensuring compliance with the law and the Company bylaws and the application of correct management principles in the conduct of business, and

b) ensuring the adequacy of the Company's organisational structure, internal audit system and administrative-accounting system.

Technical Committee – The Technical Committee has the task to evaluate the ability of the associates  to repay the loan in a timely manner as measured against the known risks. It is the job of the committee's members to evaluate the merits of a loan request and then make a recommendation regarding whether or not to lend the money.