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Microfinance Loan Fund Scheme Data

Dáil Éireann Debate, Friday - 16 September 2016

Friday, 16 September 2016

Questions (1860)

Niall Collins

Question:

1860. Deputy Niall Collins asked the Minister for Jobs, Enterprise and Innovation the total value of drawdowns and approvals, by county, issued under the micro finance scheme on 30 June 2016, 31 December 2015 and on 30 June 2016; and if she will make a statement on the matter. [24350/16]

View answer

Written answers

The total number of applications received by Microfinance Ireland (MFI) from its inception:

- to 30th June 2015, was 1256;

- to 31st December 2015, was 1,639; and

- to 30 June 2016, was 2,049.

The value of approvals for those time periods totalled:

- to 30 June 2015, was €9.3 million (606 in number)

- to 31 December 2015, was €11.7 million (770 in number); and

- to 30 June 2016, was €14.6 million (976 in number).

Total value of drawdowns, same periods:

- to 30 June 2015, was €7.8 million (518 in number)

- to end December 2015 was €9.9 million (665 in number); and

- to 30 June 2016, was €12.1 million (831 in number).

The county spread of approvals is contained in each Quarterly Report provided by Microfinance Ireland to my Department. These are published and available on the websites of both Microfinance Ireland and my Department.

For ease of reference I have extracted the county breakdown of approvals from the latest Quarterly Report (June 2016) and this is detailed below. Details of individual loan applications and approvals are subject to data protection legislation and it will not be possible to provide further information on same.

County

Received

Approved

County

Received

Approved

Dublin

460

214

Clare

57

28

Cork

172

79

Laois

55

23

Limerick

101

49

Louth

55

19

Meath

102

44

Westmeath

53

25

Tipperary

89

40

Longford

46

18

Galway

81

46

Roscommon

46

23

Wexford

71

38

Sligo

44

33

Cavan

71

36

Monaghan

40

13

Kildare

73

38

Carlow

36

18

Waterford

70

33

Donegal

39

18

Wicklow

64

31

Kilkenny

37

15

Kerry

59

25

Offaly

37

17

Mayo

57

37

Leitrim

34

16

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