Oireachtas Joint and Select Committees

Tuesday, 12 November 2013

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Progress Update: Discussion with Microfinance Ireland

3:05 pm

Ms Adrienne Murray:

As for the documentation required for microfinance, the application form is modelled exactly on the standard bank application. We were very conscious not to duplicate another piece of paperwork for potential Microfinance Ireland, MFI, applicants. Regardless of whether they are applying for bank funding, grant funding, any type of assistance or an MFI loan, members will agree on the need for the standard business plan and up-to-date financial information like the cash flow. We are very conscious not to duplicate any other information that is not required by the banks.