€30M commitment from EU over the next 5 years
Figures released show demand for loans continues to grow with application volumes up 10% in 2017. This is a record year for the Government funded not-for-profit lender and this investment will undoubtedly help support the Irish business sector.
In addition, the European Investment Fund has signed a second agreement to enable Microfinance Ireland provide an additional €30m in loans to micro-enterprises over the next five years.
This €30 commitment from the EU will allow Microfinance Ireland to continue supporting Irish start-ups and established businesses.
See the full Press Release here:
About Microfinance Ireland
Microfinance Ireland provide small business loans to help start-ups and established businesses get the finance they need for their business. We provide business loans of up to €25,000 to Irish businesses. To find out more about what we do, click here.
To find out if you are eligible to apply for a loan with us, visit our who we lend to page.
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