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Since it was set up in 2012, MFI have approved over 5,000 loans to the value of €85.4m

Microfinance Ireland lending to microenterprises to rise

New legislation has been published which will allow Microfinance Ireland (MFI) increase its lending limit to microenterprises from €25,000 to €50,000.

Business • 02 Sep 24

Minister of State for Business, Employment and Retail, Damien English along with June Butler from SBCI and Des McCarthy, CEO of Microfinance Ireland

SBCI's €30m deal with Microfinance Ireland on SME loans

The Strategic Banking Corporation of Ireland has agreed a new partnership deal with Microfinance Ireland (MFI) worth €30m.

Business • 28 Oct 21

Microfinance Ireland provide loans for startups and micro businesses with affordable loans

McCarthy named as new Microfinance Ireland CEO

Des McCarthy has been appointed as the new chief executive of state-backed fund Microfinance Ireland.

Business • 25 May 21

Loans for between €5,000 and €25,000 will be available to companies whose turnover has dropped or is likely to drop by 15% or more because of Brexit

New Brexit loan scheme for small businesses available

A new loan scheme to help small businesses to prepare for Brexit has been launched through Microfinance Ireland.

Business • 23 Nov 20

Businesses can apply for loans up to €25,000 for a three-year term with no repayments and no interest for the first six months

Microfinance Ireland opens new €15m Covid-19 fund

State-backed fund Microfinance Ireland has opened its new €15 million Covid-19 fund to support small businesses through the current period of uncertainty and to protect jobs that have been impacted by the coronavirus pandemic here.

Business • 31 Aug 20

Under the measures, Enterprise Ireland would secure the capacity to extend loans to client companies

Cabinet to consider boost for companies hit by Brexit

Minister for Business, Enterprise and Innovation, Heather Humphreys, is expected to seek Cabinet approval for a series of supports for agencies involved in guiding companies through the difficulties posed by Brexit.

Brexit Countdown • 01 Oct 19

Only 46% of small business owners said they had good or expert knowledge of financial literacy, new SFA survey revealss

Just 46% of small firms have good financial literacy

A survey by the Small Firms Association reveals that just half of small business owners believe they have good or expert knowledge of financial literacy.

Business • 26 Sep 19

Microfinance Ireland was set up to provide unsecured loans of between €2,000-€25,000 to firms with fewer than 10 staff

MFI approved record number of loans last year

Microfinance Ireland approved €5.4m worth of loans to a total of 357 businesses last year.

Business • 04 Feb 16

MFI can provide loans of up to €25,000 to businesses employing ten people or fewer

Microfinance Ireland changes lending terms

Small businesses will no longer need to be refused credit by a commercial bank before they can apply for lending from State-backed fund Microfinance Ireland.

Business • 01 Apr 15

Microfinance Ireland