2017 Has been a Record Breaking Year for Social Finance Foundation

 

Many of you will know that the Foundation celebrated its 10th Anniversary this year and what a year it has proven to be! All parts of our business reached new heights in 2017:

Community & Voluntary Sector

Almost €13million in new loans drawn down this year bringing the SFF Loan Book to record levels of just under €24million.

Microfinance Ireland

Another very successful year. 10% growth in application numbers and loan drawdowns. Loan approvals in the year supported 400 businesses and helped create or sustain 900 jobs.

Personal Microcredit Scheme

112 Credit Unions in 243 locations around the country are now signed up to the PMC scheme. In recognition of this major achievement, the PMC project was shortlisted for the 2017 Civil Service Excellence and Innovation Awards for demonstrating excellence in innovation, excellence through collaboration and for its positive impact on citizens.

Social Enterprise Sector

the Foundation has established a new partnership with the Department of Rural and Community Development to support the development of a world class social enterprise strategy for Ireland.

As our economy continues to improve, it is vital that we continue to support people who wish to create jobs and services and rebuild their communities.

Michael Ring TDMinister for Rural and Community Development