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Microenterprise Loan Fund Expenditure

Dáil Éireann Debate, Thursday - 3 December 2015

Thursday, 3 December 2015

Ceisteanna (110)

Michael McGrath

Ceist:

110. Deputy Michael McGrath asked the Minister for Jobs, Enterprise and Innovation to set out the amount of money lent by Microfinance Ireland in each year since its inception to the end of November 2015; the number of jobs sustained by this investment; and if he will make a statement on the matter. [43407/15]

Amharc ar fhreagra

Freagraí scríofa

To give effect to the Microenterprise Loan Fund established by legislation in 2012 my Department set up Microfinance Fund Ireland. My Department publishes Microfinance Fund Ireland (MFI) quarterly progress reports on the Department’s website www.enterprise.gov.ie in respect of the Microenterprise Loan Fund Scheme.

The progress report detailing draw-downs and approvals and the analysis and performance by region up to the quarterly period ending 30 September 2015 is now available on the Department’s website. Data in respect of the period to end December 2015 will not be available until end January 2016.

The table outlines the amount of money lent by MFI, year on year, since its inception on 1 October 2012 to end September 2015 together with the number of jobs supported.

Year

2015

(to end Sept)

2014

2013

2012

TOTAL

Amount lent

€3,797,000

€3,277,000

€1,847,00

€52,000

€8,973,000

Jobs supported

640

581

289

21

1,531

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