Written answers
Wednesday, 14 January 2015
Department of Jobs, Enterprise and Innovation
Microenterprise Loan Fund Expenditure
Dara Calleary (Mayo, Fianna Fail)
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242. To ask the Minister for Jobs, Enterprise and Innovation if he will provide in tabular form the total amount of lending undertaken by Microfinance Ireland on a yearly basis since its inception; the total amount of money repaid to MFI; the level of impaired debt; and if he will make a statement on the matter. [1120/15]
Richard Bruton (Dublin North Central, Fine Gael)
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As requested by the Deputy, please find information on Microfinance Ireland (MFI):
| - | End Sep 2014 | End Dec 2013 | End Dec 2012 |
|---|---|---|---|
| Loans Approved | €5,137,000 | €2,159,000 | €160,000 |
| Loans Drawn down | €4,323,000 | €1,899,000 | €53,000 |
| Loans - Capital Repaid | €710,000 | €259,000 | |
| Impaired Loans | €629,000 | €300,000 |
As of 9thJanuary 2015 MFI has approved 418 applications to the value of €6.4m supporting 947 jobs.
My Department publishes quarterly progress reports on the Department’s website www.enterprise.gov.ie. The progress report detailing the analysis and performance up to the quarterly period ending 30thSeptember 2014 is available on the Department’s website. I intend to publish the report for the period 31stDecember 2014, once this report has been finalised.
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