Oireachtas Joint and Select Committees

Wednesday, 4 October 2023

Joint Oireachtas Committee on Social Protection

Grants and Bridging Finance for Community Groups: Discussion

Photo of Marc Ó CathasaighMarc Ó Cathasaigh (Waterford, Green Party) | Oireachtas source

I like the idea that philanthropy can take risks or the organisations put themselves in that position to be able to derisk community borrowing. What about the percentage of non-performing loans? My sense is that a lot of communities may lack the capacity or confidence to take on debt in this way but once they do, and they are supported in doing that, their capacity to repay is very good.

I am, however, basing that off anecdote. Can Mr. Mulrooney give me the facts?

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