Micro loans a major boost for small rural businesses

Rural-based companies and food producers, such as Adare Farm, Castlemine Farm, BK Fuels, and Veronica’s Snacks, have benefited from loans advanced by Microfinance Ireland, which works with businesses that have fewer than 10 employees and turnover under €2m.

They lend through the Microenterprise Loan Fund, to start-ups or micro-enterprises across all industry sectors.

Microfinance Ireland provides unsecured business loans of €2,000-25,000 for commercially viable proposals that have been declined bank credit.