Microfinance Ireland (MFI), is a not-for-profit lender, established to deliver the Government’s Microenterprise Loan Fund. MFI works very closely with the Local Enterprise Offices (LEOs), providing loans to small businesses. Helping to create and sustain employment by providing loans to small businesses is at the heart of what they do.
Microfinance Ireland is vital for small businesses, including locally traded businesses, unable to access finance by other means. It offers accessible financing, enabling small businesses to start, grow and expand, fostering job creation, economic development, and community empowerment by providing entrepreneurs with the means to contribute to the local economy.
By applying through their local LEO, with the assistance of LEO Mentors, applicants can avail of a 1% reduction in the interest rate charged on the loan.