Trade Minister welcomes Microfinance Ireland progress report
Pat Breen, Minister for Business and Employment, has today welcomed the publication of the Microfinance Ireland report for Q2, 2017. The latest report shows that almost €20m of loans have been approved under the Microenterprise Loan Fund to date, supporting 3,145 jobs in borrowing companies.
1 September 2017
Minister for Trade, Employment and Business Pat Breen has welcomed the publication of the Microfinance Ireland Progress Report, which shows that almost €20m of loans have been approved under the Microenterprise Loan Fund to date, supporting more than 3,000 jobs in borrowing companies.
“I am pleased to see Microfinance Ireland continue to develop and grow,” said the minister. “The loans it approves help to support micro enterprises across the country. As we approach the fifth anniversary of Microfinance Ireland, it has so far approved €19.6m in loans, helping to support 3,145 jobs.
The report shows that this quarter has been particularly noteworthy, with Microfinance Ireland receiving the European Code of Good Conduct by the European Commission, which confirms the organisations’s position as a “best in class” micro-credit provider in Europe. “I congratulate Garrett Stokes, CEO of Microfinance Ireland and his team, on achieving this prestigious award,” said the Minister.