Peadar Tóibín (Meath West, Sinn Fein)
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To ask the Minister for Jobs, Enterprise and Innovation if he will detail, by county enterprise board, the number of applications to the microenterprise loan fund; the value of applications; the number of successful applications; and the value of successful applications. [14924/13]

Richard Bruton (Dublin North Central, Fine Gael)
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Microfinance Ireland (MFI) began operating in October 2012. As of 25 March 2013, 97 loan applications have been received via the CEBs and 41 have been received directly from applicants. To date, 72 of the applications furnished via the CEBs have been processed (i.e. approved/declined/in appeal or withdrawn by applicant). So far 28 of the applications received via the CEBs have been approved i.e. an approval rate of 39% and 25 are not yet fully assessed and are work in progress.

It is my intention that progress reports on the Microenterprise Loan Fund will be published via the MFI website microfinanceireland.ie and on my Department’s website enterprise.gov.ie on a quarterly basis. Quarter 1 Progress Report for the period January 2013 to March 2013 will be made available in mid-April, with subsequent quarterly reports made available in mid-July, mid-October and mid- January 2014.

Below is a breakdown by County Enterprise Board of the 97 applications, the total value of applications, the number of successful applications and the value of successful applications received as of 25 March 2013.