Written answers
Thursday, 3 December 2015
Department of Jobs, Enterprise and Innovation
Microenterprise Loan Fund Expenditure
Michael McGrath (Cork South Central, Fianna Fail)
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110. To ask the Minister for Jobs, Enterprise and Innovation to set out the amount of money lent by Microfinance Ireland in each year since its inception to the end of November 2015; the number of jobs sustained by this investment; and if he will make a statement on the matter. [43407/15]
Richard Bruton (Dublin North Central, Fine Gael)
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To give effect to the Microenterprise Loan Fund established by legislation in 2012 my Department set up Microfinance Fund Ireland. My Department publishes Microfinance Fund Ireland (MFI) quarterly progress reports on the Department’s website in respect of the Microenterprise Loan Fund Scheme.
The progress report detailing draw-downs and approvals and the analysis and performance by region up to the quarterly period ending 30 September 2015 is now available on the Department’s website. Data in respect of the period to end December 2015 will not be available until end January 2016.
The table outlines the amount of money lent by MFI, year on year, since its inception on 1 October 2012 to end September 2015 together with the number of jobs supported.
Year | 2015 (to end Sept) | 2014 | 2013 | 2012 | TOTAL |
---|---|---|---|---|---|
Amount lent | €3,797,000 | €3,277,000 | €1,847,00 | €52,000 | €8,973,000 |
Jobs supported | 640 | 581 | 289 | 21 | 1,531 |
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