EU commits additional €30 million for micro-enterprises in Ireland

The European Investment Fund has signed a second agreement with Microfinance Ireland (MFI) to provide an additional €30 million in loans to micro-borrowers including migrants and entrepreneurs over the next five years. Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen, said: “Thanks to this new financial boost of €30 million from the EU, more than 2000 micro-entrepreneurs will get financial support to start up or develop their business.”

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