1. Finance to Help Your Community Grow
Clann Credo - Community Loan Finance
Financing Community Ambition
Martina O’Moore
THANK HOSTS FOR OPPORTUNITY TO SPEAK
Westmeath PPN Community Funding Workshop
25/26TH February 2019

2. “Graduation” at the North Wall Community Development Project Creche
Our Ambition
Vibrant local communities in Ireland turning their own visions into realities
Drogheda Youth Development: A one-stop youth service addressing, educational, career, financial, personal safety, physical and mental health challenges. “We now have a safe drink and drug free space to meet friends, grab a bite to eat and more”
“Graduation” at the North Wall Community Development Project Creche
Social Finance – repayable finance with capital from social investors. Each investment or loan generates a social return or positive impact on the community.
Where every community is aware of the possibilities that Community Loan Finance offers

4. Why & How Supporting Community Development through repayable finance
Community Loan Finance - the main method
Responsible Finance model

5. Act in the customers best interests
Responsible Lending
Act in the customers best interests
Loan must be suitable
Affordable

6. What is Community Loan Finance?
Repayable Loan Finance
Socially Minded Investors
Social Outcome AND Repayment Capacity

7. Dedicated Loan Funds Term Loans Bridging Loans €10k to €500k
Bridging & Term
Match Funding
Launched by Minister Mary Mitchell O’Connor Fumbally Sep 14th
Heather Humphries: Nov 25th, Virginia Cavan

8. Projects Supported Milltownpass Community Action Group
Willow Park Residents Association – Amenity Park
Playgrounds across Westmeath

9. St James Church Kilbeggan Parish
Energy Communities Tipperary Co-operative
First Class Insulation

10. €10,000 to €500,000
All amateur sports
Bridging loans
Term/Matching loans

11. Why chose a Clann Credo loan?
8 out of 10 new customers referred by other Community Groups
Loans from €10,000 to €500,000
In-depth Knowledge of Grants: specialised loan products for Sports Capital and LEADER
No personal guarantees required: we recognise the contribution of community leaders and volunteers
No Application Form: we start with the information on your grant application
Early Repayment Without Penalty: Applies to all loans, incl. fixed rate
Track Record of over 20 Years
Community based organisations face many challenges, but …. Accessing loan finance need not be one of them, In fact any community based organisation that is working to enhance their community and has the ability to repay a loan can borrow from Clann Credo.
Loans from €10,000 to €500,000
6 Months to 15 years
In-depth Knowledge of Grants: specialised loan products for Sports Capital and LEADER
No personal guarantees required: we recognise the contribution of community leaders and volunteers
No Application Form: we start with the information on your grant application
Regionally-based staff: single point of contact
Affordable Interest Rates: Interest rates are fixed on loans of up to 5 years; for terms greater than 5 years, interest rates track the ECB
Early Repayment Options: You have the option of making extra payments with no penalty fees; in fact you will save on interest. This applies to all loans, including fixed rate loans
Track Record of over 20 Years: since 1996, €100,000,000 loaned to over community organisations

12. Sectors Accessing Finance
Community Facilities – Community Centres, Childcare, Family Resource, Social Housing
Sports Clubs – Football Clubs, Athletics, GAA
Health and Eldercare Services
Youth Clubs, Scouts Groups
Addiction /Rehabilitation Facilities
Counselling Facilities
Disability Services
Arts / Heritage Groups
Environmental- Recycling
THE DIFFERENT SECTORS ACCESSING COMMUNITY LOAN FINANCE IN IRELAND INCLUDE,……

13. 3 Steps Clann Credo Loan Finance

14. Our People REGIONALLY BASED STAFF VOLUNTARY BOARD AND COMMITTEES
North & East:
Jennifer Hennessy
T: / E:
Midlands:
Martina O’Moore
T: / E:
West/North West:
Tracey Hannon
T: / E:
South:
Susan Gallagher
T: / E:
VOLUNTARY BOARD AND COMMITTEES
BOARD
Colin McCrea (Chair); Jerry Butler; Gary Brennan; Sr Magdalen Fogarty (Founder); Emer Ní Bhrádaigh; Sarah Nic Lochlainn; Sr Grace Redmond; Jim Rourke; Paul Sullivan; Mary Walsh
EVALUATION COMMITTEE
Gary Brennan; Sr Magdalen Fogarty; Martin Coggins, Sr Sheila Fox; Jerry Kivlehan; Jim Egan.
PROJECT SUPPORT COMMITTEE
Jim Rourke; Colin McCrea; Ann Clarke; Pat Leogue; Sr Grace Redmond; Ger Marshall.

16. President of Ireland Michael D Higgins
“The key to the success of Sr Magdalen’s vision, is its profound sense of social justice”
The key to the success of Sr Magdalen’s vision is its profound sense of social justice” President of Ireland, Michael D Higgins 15th September 2016
15th September 2016