Entrepreneurship: Seeing the big picture

Microfinance Ireland has a €40 million funding plan for small businesses.

11th November, 2012
Entrepreneurship: Seeing the big picture
Geraldine Kelly, chair, Microfinance Ireland. Photo: Maura Hickey

A new scheme operated by Microfinance Ireland (MFI) is providing loans of up to €25,000 to micro enterprises, including sole traders and small businesses with fewer than ten employees.

Microfinance Ireland is a subsidiary company of Social Finance Foundation, which was founded in 2007 by the Minister for Finance.

In the initial five-year phase of the scheme, €10 million of exchequer funding will be leveraged with loans from the banks to achieve a total of €40...

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