It is 18 months since former finance minister Brian Cowen used his powers of persuasion on Irish banks to set up a €25 million pool to fund a new social finance initiative.
Cowen earmarked the money for a new foundation that would act as a small wholesale bank, providing loans to community-based and social projects that previously had difficulty in getting access to conventional bank funding.
The Social Finance Foundation (SFF), chaired by former GAA president...
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