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.
Our mission is threefold: Firstly, generate a strong social impact by funding, through our lending partners, 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.
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.
€2,714K / 21%
€1,938K / 15%
€1,292K / 10%
€5,299K / 41%
€1,680K / 13%
€4,006K / 31%
€517K / 4%
€388K / 3%
€2,326K / 18%
€4,523K / 35%
€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
CHRONOLOGY & HIGHLIGHTS
Minister for Finance publicly launches Social Finance Foundation
Irish banks provide €25m to Foundation
Loan drawings commence with First Step Microfinance
Loan drawings commence with Clann Credo
Foundation signs Loan Agreement with 12 Irish banks for additional funding of €72m
Strategy Report on Financial Inclusion published
Microfinance Ireland launched by Minister for Jobs, Enterprise & Innovation Mr. Richard Bruton TD
Loan drawdowns of €40m exceeded
Report published on need for a Personal Microcredit Scheme in Ireland
Launch of pilot Personal Microcredit Scheme with 30 credit unions
10th Year Anniversary
Social Enterprise Project with Department of Rural and Community Development