Microfinance Ireland

Micro Finance Ireland 2

You can apply for an MFI loan through your Local Enterprise Office and avail of a preferential rate of 6.8% APR (1% discount off the standard interest rate currently 7.8% APR) 

Eligibility

  • Based in the Republic of Ireland
  • Less than 10 employees
  • Turnover up to €2million
  • Business set up as a Sole Trader, Partnership or a Limited Company
  • All business sectors can apply

Restricted/Unsupported sectors: http://www.microfinanceireland.ie/exclusions/

Loan Value

Unsecured business loans of €2,000 to €25,000 for commercially viable proposals

MFI consider applications from businesses who may have been declined facilities from other commercial providers

Loan Purpose

Start-up costs, working capital, purchase of stock, equipment, machinery, business expansion etc. - helping to create and sustain employment.

Application

  1. Book pre MFI loan application advice here
  2. To make a loan application, you will need to complete and submit a number of documents as part of the application process. Talk to your LEO Business Advisor or Click here http://www.microfinanceireland.ie/apply-now/loan-documents/ for more information.

Post Loan Approval Mentoring

Once a customer has been approved a loan with MFI, mentoring support will be provided with a mentor from the LEO Mentor Panel.  Mentoring is a critically important non-financial learning and support tool, helping business develop and grow.

Calculate your monthly repayments using MFI’s Loan Calculator http://www.microfinanceireland.ie/apply-now/loan-calculator/

Further information www.microfinance.ie

 

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