Microfinance Ireland

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Who is Microfinance Ireland (MFI)?

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.


The COVID-19 Business Loan from Microfinance Ireland is a Government initiative to support microenterprises, through the current period of uncertainty and for small businesses that have been impacted by the coronavirus pandemic in Ireland.  Loans from €5,000 to €25,000 are available to micro-enterprises that meet the eligibility criteria for the COVID-19 Loan. For further information please click on the FAQ document here

Who is Eligible to Apply?

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.

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 Loan Repayments

Calculate your monthly repayments using MFI’s Loan Calculator.

How to Apply

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 for more information.