merrion street

Pat Breen TD, Minister for Trade, Employment and Business, has today welcomed the publication of the Microfinance Ireland report for Q1, 2018. The latest report shows that €23.9m of loans have been approved under the Microenterprise Loan Fund to date, supporting 4,099 jobs in borrowing companies. The Microenterprise Loan Fund is part funded by the Department of Business, Enterprise and Innovation.

Commenting on the Report Minister Breen stated

It is now 6 years since Microfinance Ireland first opened its doors and it continues to show its support for our microenterprises throughout the country through its suite of distinct loan offerings.  It is also worthy to note that almost 80% of Microfinance Ireland loan approvals go to microenterprises outside of Dublin which is supporting the Government’s target of creating 135,000 jobs outside of Dublin by 2020.  I congratulate Garrett Stokes, CEO of Microfinance Ireland and his team on their continued good work.

A link to the report can be found here.

The Department of Business, Enterprise and Innovation (DBEI) plays a key role in implementing the Government’s policies of stimulating the productive capacity of the economy and creating an environment which supports job creation and maintenance. The Department also has a remit to promote fair competition in the marketplace, protect consumers and safeguard workers.