Microfinance Ireland proudly Supporting IBYE Entrants

Microfinance Ireland (MFI) Proudly Supporting IBYE 2019

A key area of focus for MFI is helping young entrepreneurs to start out and grow their business, as the creation and sustainment of jobs is at the heart of MFI. 30% of all MFI customers are in the youth sector. As a government funded not-for profit lender, MFI is conscious that youth unemployment is still a serious issue and the company wants to create a greater focus on the support it delivers to young entrepreneurs to help them start up, expand and succeed.

MFI's IBYE 2019 Loan Offer

  • Loans up to €25,000 at a discounted rate of 5% APR to all competition entrants in the Best Start Up and Best Established Business Categories until 30th September 2019
  • For entrants to the Best Business Idea Category, this loan offer is extended until 30th December 2019 so that these entrants can avail of the offer when the business is closer to trading.

Eligibility

  • Business must be either already trading or close to trading (in the next 3-6 months)
  • Business has fewer than 10 full time employees and annual turnover less than €2 million
  • Entrepreneur has submitted an online application to IBYE competition 2019 on www.ibye.ie

How to Apply

  • Applicants register their interest through the MFI website's dedicated IBYE page and relevant documentation will be sent to the applicant directly www.microfinanceireland.ie 
  • Applicants request their LEO to forward a copy of the IBYE online application to Microfinance Ireland  as part of their application
  • MFI will contact the applicant directly to discuss/ assess their loan application
 

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