Following the success of the pilot phase of its Micro-loan fund for the Creative Industries, the WDC has decided to extend the opportunity to accessing a micro-loan to all sectors.
The Micro-Loan Fund provides loan finance ranging from €5,000 to €25,000. The term of these loans ranges from one to five years with an interest rate of the prevailing EU Reference Rate for Ireland, currently 6.84%. Repayments are made on a amortised basis by monthly direct debit. The key criteria to secure a micro-loan from the WDC is that the project can show that it can make the loan repayments.
For more about the WDC Micro-Loan Fund visit wdc.ie/microfundci