Microfinance Ireland

mfi logo

Microfinance Ireland (MFI), is a not-for-profit lender, established to deliver the Government’s Microenterprise Loan Fund.

MFI works very closely with the Local Enterprise Offices (LEOs), providing loans to small businesses. Helping to create and sustain employment by providing loans to small businesses is at the heart of what they do.
MFI works with small businesses based in the Republic of Ireland, with fewer than 10 employees and turnover up to €2m, by providing unsecured business loans of €2,000 to €25,000 for commercially viable proposals. Loans can be used to fund start-up costs, working capital, purchase of stock, equipment, machinery, business expansion etc.
They consider applications from businesses who may have been declined facilities from other commercial providers
Whether your business is set up as a Sole Trader, Partnership or a Limited Company, you are eligible to apply. All business sectors are eligible to apply, with these exceptions.

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

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.

To make a loan application, you will need to complete and submit a number of documents.
Call us on 091-509090 to make an appointment to speak to our Microfinance advisor.
Prior to your appointment, please download an application form. 

Application Form for €2k - €5K Small Business Loan


Application Form for €5K - €25K Small Business Loan


Forms can also be emailed to leotraining@leo.galwaycoco.ie.


Important changes are being made to the MicroFinance Ireland supports for microenterprises. The maximum loan available from MicroFinance Ireland will be increased from €25,000 to €50,000 as an immediate measure to specifically deal with the impacts of COVID – 19 on micro-enterprises (sole traders and firms with up to 9 employees). Applications can be made through the MFI website https://microfinanceireland.ie/ or through your local LEO.


Application form can be accessed here.