01/09/2017

Over 3,100 Jobs Supported Through Microenterprise Loan Fund

Over 3,100 jobs have been supported by almost €20m in loans from the Microenterprise Loan Fund, according to the latest report from Microfinance Ireland.

Minister for Business and Employment, Pat Breen, said: "I am pleased to see Microfinance Ireland continuing to develop and grow. The loans it approves help to support micro enterprises across the country. As we approach the 5thanniversary of Microfinance Ireland beginning its operations, it has so far approved €19.6m in loans, helping to support 3,145 jobs.

"This quarter has been particularly noteworthy, with Microfinance Ireland being awarded the European Code of Good Conduct by the European Commission during Quarter 2 which confirms Microfinance Ireland's position as a best in class micro credit provider in Europe. I congratulate Garrett Stokes, CEO of Microfinance Ireland and his team on achieving this prestigious award."

(MH)

Related Irish News Stories
Click here for the latest headlines.

03 March 2015
Microfinance Ireland Raises €15m In Loan Funding
Microfinance Ireland (MFI) has raised a further €15m in loan funding to lend to micro-enterprises. The money has been raised through its parent company, Social Finance Foundation and will be used to assist businesses of less than 10 people.
13 February 2015
Microfinance Ireland To Support 1,000 Jobs
Microfinance Ireland (MFI) has said it will aim to support 1,000 jobs this year by supporting micro-enterprises that have been unable to secure funding. The government has put up funding of €10m as part of the Action Plan for Jobs to enable Microfinance Ireland provide loan finance to micro-enterprises.
13 March 2019
Future Jobs Ireland - A Strategy To Secure Ireland's Economic Success
The Government has launched a strategy for the next phase of Ireland's economic development, known as Future Jobs Ireland. An Taoiseach, Leo Varadkar TD, Minister for Business, Enterprise and Innovation, Heather Humphreys TD and Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD unveiled the plan on Sunday 10 March.
29 February 2012
Business Start-Ups Supported By Enterprise Ireland
Jobs Minister Richard Bruton today opened the Enterprise Ireland High Potential Start Ups Showcase, featuring the 92 new start-up companies supported by Enterprise Ireland in 2011. Together these companies aim to employ over 1,600 new staff by the end of 2013 and to generate over €200m in annual sales within three years.
17 June 2016
Micro-Businesses To Benefit From MFI Tax Cut
Microfinance Ireland (MFI) is to offer micro-businesses the opportunity to avail of a cut in its interest rates - down by 1% - from 01 July 2016. MFI is a not-for-profit Government Agency that provided funded finance to micro-enterprises.