An Mheitheal Rothar continue to Recycle bikes for locals and we were delighted to help.
– Community Finance Ireland delivers €0.5million in support for Galway community organisations –
The award-winning An Mheitheal Rothar (AMR), a social-sustainable enterprise based in Galway City, is rolling out an expanded service at their community workshop at NUI Galway and at their retail outlet in Galway Shopping Centre, thanks to funding from Community Finance Ireland (CFI).
Founded in 2012, An Mheitheal Rothar provides access to cycling and cycling mechanic skills training to people in Galway, regardless of their ability to pay. In 2018, the social enterprise introduced their award winning ‘Recycle Your Cycle’ initiative, which repairs and upcycles second-hand bikes.
An Mheitheal Comhashaol Cooperative, trading as An Mheitheal Rothar, accessed a bridging loan from Community Finance Ireland, an all-island social finance provider, which supports community projects that drive social impact through sports, the arts, faith-based groups and social enterprises.
Cathy Coote, Fundraising and Communications Officer at An Mheitheal Rothar,said the funding has been critical to expand and upscale their offering to the local community in Galway. She said:
“Our loan from Community Finance Ireland is enabling us to invest in new bike stock for our bike shop. Customers can avail of the Bike to Work scheme for these new bikes. The funds we generate support our work, such as providing free second-hand bikes for students studying under the University of Sanctuary programme as well as repairs, training and upcycled bikes for sale. All this helps to grow the numbers of people cycling for health, transport and sustainability.”
Since 2016, CFI has provided €0.5million in social finance loans to projects based in Galway. Client Relationship Manager for Connacht and Donegal, Anne Graham, says there’s huge potential for others in Galway to follow in AMR’s footsteps.
Ms. Graham said: “It’s fantastic to see AMR growing to meet the demand in their local community and for that growth to be sustainable. Like AMR, Community Finance Ireland is a social enterprise – all the repayments made on social finance loans go right back into supporting another community group either here in Galway or across the country.
“In that sense, our social finance loans aren’t dissimilar to the circular economy which AMR support. We’re delighted to be helping people in Galway get on their bikes, which will in turn help us support a local GAA club in Donegal or a Family Recourse Centre in Mayo.”
- Anne Graham, Community Finance Ireland is working across Connaught and Donegal
- For more information on An Mheitheal Rothar, visit: https://bikeworkshops.ie/
About Community Finance Ireland
Community Finance Ireland delivers social finance solutions that support local communities and drive social impact through sports, community projects, faith-based groups, and social enterprises. It is the fastest growing dedicated social finance provider across the island of Ireland and the UK.
Community Finance Ireland is part of the UCIT Group, established in Belfast in 1995 and now supports a diverse portfolio of clients across the island of Ireland from Bantry to Ballymoney, and from Dublin to Dingle.
Currently, Community Finance Ireland is the only Irish and UK member of FEBEA, the European Federation of Ethical and Alternative Banks.
For further information, visit www.communityfinanceireland.com or keep in touch on our teams latest news @ComFinanceIrl.
