ABOUT SFF

Social Finance Foundation was established in 2007 by the Government to address the needs of community organisations and social enterprises for loan funding which was difficult to obtain from mainstream financial institutions. Acting as a “wholesaler”, it provides funding to its lending partners Clann Credo and Community Finance Ireland.

Under the Aegis of the Department of Finance
Our Lending Partners
Thank you to our Funders

MISSION STATEMENT

Our mission is threefold: Firstly, generate a strong social impact by funding through our SLOs creditworthy projects with loan finance; Secondly, to realise the full potential of social finance in Ireland; Finally, working collaboratively, to undertake research and deliver initiatives which promote social good, with the Irish Government and the Irish Banking Industry as our sponsors.

Vision. SFF is acknowledged as a leader in establishing the concept of social finance in Ireland

Values. Integrity, Innovation, Delivery, Collaboration.

FOUNDATION STRUCTURE

LENDING INFORMATION

2017 Annual Report

You can download a PDF of the 2017 Annual report on the The Media / Publications page.

 

Lending in 2017 by Geography

Measurement of the social impact of the projects which the Foundation supports is very difficult. However, metrics have been generated and are shown in the tables below. Every effort is made to enhance this information and make it as relevant as possible.

The Foundation strives to achieve a balanced distribution of funds throughout the State and the Chart illustrates this is being broadly achieved.

Connaught
€2,714K / 21%

Dublin
€1,938K / 15%

Leinster
€1,292K / 10%

Munster
€5,299K / 41%

Ulster
€1,680K / 13%

1

Community
€4,006K / 31%

2

Heritage
€517K / 4%

3

Children
€388K / 3%

4

Other
€2,326K / 18%

5

Sports
€4,523K / 35%

6

Social Care
€1,163K / 9%

Lending in 2017 by Sector

The nature of the Foundation’s lending is shown below.  The Foundation is very conscious of its obligation to ensure that monies are utilised in areas where they will have a high social impact. The breakdown illustrates that this is being achieved.

Social Impact from Loan Funding 2017

580
Jobs supported – mostly temporary
72,500
No. of people using sports facility
51,700
No. of people using community facility
8,400
No. of children using facility
87,900
No. of visitors
3,600
No. of social care users

CHRONOLOGY & HIGHLIGHTS

February 2007

Minister for Finance publicly launches Social Finance Foundation

March 2007

Irish banks provide €25m to Foundation

August 2007

Loan drawings commence with First Step Microfinance

October 2007

Loan drawings commence with Clann Credo

April 2009

Foundation signs Loan Agreement with 12 Irish banks for additional funding of €72m

June 2011

Strategy Report on Financial Inclusion published

September 2012

Microfinance Ireland launched by Minister for Jobs, Enterprise & Innovation Mr. Richard Bruton TD

February 2014

Loan drawdowns of €40m exceeded

May 2015

Report published on need for a Personal Microcredit Scheme in Ireland

November 2015

Launch of pilot Personal Microcredit Scheme with 30 credit unions

February 2017

10th Year Anniversary

August 2017

Social Enterprise Project with Department of Rural and Community Development

CUSTOMER STORIES

Cullaun Sailing Club

May 22, 2018

Amharclann Ghaoth Dobhair – Native Drama

May 28, 2018

Third Space Smithfield

February 26, 2018

Ablevision Ltd.

February 26, 2018

NEWSLETTER SIGNUP

 

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500
Jobs Created
13,700
Using Sports Facility