Written answers

Thursday, 9 June 2016

Department of Jobs, Enterprise and Innovation

Microfinance Loan Fund Scheme Data

Photo of Niall CollinsNiall Collins (Limerick County, Fianna Fail)
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234. To ask the Minister for Jobs, Enterprise and Innovation the total value of drawdowns issued under the microfinance scheme on 31 December 2014 and on 31 December 2015; the total value of approvals on the same dates; to provide a county breakdown of each drawdown and approval; and if she will make a statement on the matter. [15284/16]

Photo of Mary Mitchell O'ConnorMary Mitchell O'Connor (Dún Laoghaire, Fine Gael)
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The total number of applications received by Microfinance Ireland (MFI) from its inception to 31stDecember 2014 was 887. The figure to 31stDecember 2015 was 1,639. The value of approvals for the time periods totalled €6.318 million (413 in number) up to end December 2014 and €11.696 million (770 in number) up to end December 2015. Total value of drawdowns to end December 2014 was €5.716 million (346 in number) and to end December 2015 was €9.920 million (665 in number). The county spread of approvals is contained in each Quarterly Report provided by Microfinance Ireland to my Department. These are published and available on both Microfinance Ireland’s and my Department’s websites. For ease of reference I have extracted the county breakdown of approvals from the latest Quarterly Report up until end of March 2016 and this is detailed in a table.

Details of individual loan applications and approvals are subject to data protection legislation and it will not be possible to provide information on same.

CountyReceived ApprovedCountyReceivedApproved
Dublin415196Clare4924
Cork15770Laois4921
Limerick9242Louth4617
Meath9042Westmeath4621
Tipperary7633Longford4013
Galway7138Roscommon3821
Wexford6633Sligo3827
Cavan6632Monaghan3612
Kildare6234Carlow3517
Waterford6128Donegal3417
Wicklow6030Kilkenny3315
Kerry5223Offaly3214
Mayo5133Leitrim3114

Total Applications Received 1826

Total Applications Approved 867

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