Microfinance Ireland Receive The InBusiness Recognition Award 2021

MFI have been awarded the InBusiness Recognition Award for Finance Provider to Start-Ups & Micro-enterprises in 2021. This is an acknowledgement of MFI’s support for Irish micro-enterprises. Microfinance Ireland supported over 860 jobs, through what was a challenging year for small businesses in Ireland. This is the third time in the past 4 years that Microfinance Ireland has received this award.

 

InBusiness Recognition Award

The InBusiness Recognition Awards aim to honour and celebrate success, achievement and ambition within Irish business. Also, to acknowledge and appreciate the contributions of individuals to grow and support business in this country.

The award is in recognition of MFI’s disbursement of €8.8m of loans to almost 550 small businesses located in communities throughout Ireland. These businesses are often the cornerstone of their communities providing essential services and local employment. Having secured a new €30m loan facility from SBCI at the end of 2021 MFI will now seek to on lend that money to small businesses that are seeking finance but cannot access funding from the banks.

 

Microfinance Ireland CEO Des McCarthy

Des McCarthy, MFI’s CEO, commented

“We are delighted to have received this award which is recognition of the significant efforts of our staff to continue to service the financing needs of small businesses over the last few years no matter what challenges were put in their path. We aim to continue our journey of supporting small business using our new funding line from SBCI which gives us the ability to finance small and micro businesses that need finance to start and grow their businesses.”

 

Microfinance Ireland received their award on the 25th of February 2022 at the InBusiness Recognition Awards ceremony, you can view the other winners on the day and photographs from the event here https://inbusinessireland.com/inbusiness-recognition-awards-winners-2021/

 

About Microfinance Ireland

Microfinance Ireland provide small business loans to help start-ups and established businesses get the finance they need for their business. We provide business loans of up to €25,000 to Irish businesses. To find out more about what we do, click here

To find out if you are eligible to apply for one of our loans, visit our who we lend to page.

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Read next | Microfinance Ireland Progress Report Q2 2021

Read previous | SBCI partners with Microfinance Ireland (MFI) to provide €30m in new lower-cost funding to Irish small businesses

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