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Tag: Community Finance Ireland

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We are thrilled to announce that Community Finance Ireland (CFI) has attained the prestigious ISO 9001 Quality Management System accreditation on an all-island basis.

This significant accomplishment reflects our unwavering commitment to excellence in serving our clients and advancing positive social impact.

The ISO 9001 standard is built upon a set of quality management principles, including a strong customer focus, active involvement of top management, a process-oriented approach, and continuous improvement. By adhering to these principles, we have established a solid foundation for organizational excellence.

Benefits to CFI and Our Clients
This achievement brings several advantages to both Community Finance Ireland and our valued clients:

Increased Efficiencies: With all our processes aligned and comprehended by every member of our organization, we can enhance the efficiency of our internal controls, streamlining our operations and ensuring optimal performance.

Enhanced Reputation: The ISO 9001 accreditation further strengthens our reputation as a credible and genuine charity and social enterprise. It underscores our dedication to advocating for positive social impact and demonstrates our commitment to delivering high-quality services.

Clear Objectives and Commitment: By assessing the overall context of our organization and understanding the expectations of those affected by our work, we can clearly define our objectives. This enables us to showcase our unwavering commitment to excellence and the pursuit of our mission.

Customer Focus: We reaffirm our dedication to putting our customers first, consistently meeting their needs, and enhancing their satisfaction. This recognition ensures that our clients’ experience with Community Finance Ireland remains at the heart of everything we do.

Compliance and Governance: Attaining the ISO 9001 accreditation guarantees that we meet the necessary statutory and regulatory requirements, strengthening our compliance and governance practices.

We extend our gratitude to our dedicated team, whose hard work and commitment have made this achievement possible. We are excited about the opportunities this accreditation brings and the continued positive impact we can make together.

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– Community Finance Ireland delivers almost €1 million of financial support in Cork since 2016 –

Na Piarsaigh GAA, a thriving football and hurling club with almost 800 playing members, is looking to the future with further expansion plans, after support from Community Finance Ireland (CFI) enabled the club to restructure existing bank debt.

First founded by a group of local schoolboys, Na Piarsaigh GAA Club has been at the centre of the Fairhill community in Co. Cork since 1943. As the club prepares to celebrate its 80th anniversary, the board are outlining plans for further expansion to meet the demands of a growing membership.

During the recession, the club experienced financial difficulties, which former Club Chairman Denis O’Neill says led to an anxious time for the board:

“The recession hit us badly, we fell back on payments and were very worried. When we dealt with the bank, they were dealing with us like we were a business. It was at that time that James O’Connor, Selector and Club Accountant at Na Piarsaigh, brought Community Finance Ireland to the attention of the Board.”

Na Pairsaigh GAA Sports Capital Grant Community Finance Ireland
At Na Piarsaigh GAA club Grounds Fairhill Cork City are L to R:) Seán Óg Ó hAilpín (local player & legend); Nora Keogh, CFI Client Relationship Manager Munster and Daire Connery (current club legend). As the club restructures its finances with CFI support and advice all looks well for the future legacy of this fantastic volunteer led GAA Club.

Community Finance Ireland provides social finance loans to community and volunteer-led organisations that drive social impact through sport, community projects, faith-based groups, and social enterprises. Operating a model similar to traditional credit unions, all loan repayments go toward supporting other communities across Ireland. CFI provided Na Piarsaigh Hurling and Football Club with a long-term loan of €500,000 to restructure their existing bank loans.

Club Chairman Na Piarsaigh GAA Denis O’Neill said:

“I particularly like that Community Finance Ireland are a non-profit organisation. CFI understand that we are volunteers who just want to provide quality sports services for our local community. They understand where we are coming from and the challenges we faced as a voluntary board.”

Nora Keogh, CFI Client Relationship Manager for the Munster Region, said:

“Na Piarsaigh are an important hub for the local community with members playing at under six right up to senior level. Beyond the players and their families, the club also offers accessible facilities to the wider community through hire of the hall, and their indoor arena, the first of its kind to be built in Ireland which is a great source of pride for the club. We’re delighted to have helped the club refinance and find a pathway to become debt free. The legacies of the recession still have a hold on many clubs across Ireland and we’re proud to help them pave a way forward so that like Na Piarsaigh, they can plan for the future, rather than feel bogged down by the past.”

O’Neill says the club hopes to develop new facilities for the local community and upgrade the public walkway. They hope to secure adjacent land to accommodate an additional training pitch.

Between 2016 and 2022, Community Finance Ireland delivered €7.8m in social finance supports to volunteer and community-led organisations in Munster, including €0.8m in support of projects in Cork.

A total of £16.9m (€18.5m) has been allocated to 162 sports clubs and organisations across Ireland between 2016 and 2022.

If your club is  looking for finance, get in touch today or follow us on Twitter.  

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Positive and dynamic professional, Mary Nohilly, joins Community Finance Ireland to help volunteers and charities with lending.

Community Finance Ireland is thrilled to announce the appointment of Mary Nohilly as Client Relationship Manager for the Connacht and Donegal Regions.

With a diverse background in the banking and business lending sector, Mary brings a wealth of experience and a proven track record of success.  During her tenure with financial services, Mary held several key positions, including Business Manager in Roscommon and Dublin & Galway.

In her previous role at the Irish Wheelchair Association, Mary successfully developed and implemented programs to support young school leavers in Tuam, Co Galway. Her efforts focused on enabling people with disabilities to participate fully in the community through personal and social inclusion initiatives.

Mary holds a Bachelor of Business Studies Degree from Dublin City University and is a Qualified Financial Advisor.

Mary Nohilly Community Finance Ireland
Community Finance Ireland’s newly appointed Client Relationship Executive in Connacht and Donegal, Mary Nohilly.

Community Finance Ireland offers tailored financial supports for sports clubs, community projects, faith-based groups, and social enterprises. Between 2016 and 2022, the organisation funded 51 projects to the value of €5.4 million across the Connacht and Donegal region.

Welcoming the appointment Barry Symes, Head of Community Finance (ROI) said:

“We are delighted to welcome Mary to our team, Her extensive experience, strong work ethic, and dedication to making a positive impact align perfectly with our organization’s values and goals. We look forward to leveraging her expertise to further enhance our client service and success.”

Do you have a project in mind? If you are based in counties Donegal, Mayo, Galway, Roscommon, Leitrim or Sligo get in touch with Mary today. She is ready to hear from you.

Mary Nohilly Community Finance Ireland Contact
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A historic community hall in Crosspatrick, Johnstown, Co. Kilkenny, has undergone extensive renovations, transforming it into a vibrant hub of activity for residents of all ages. Thanks to the support and advice of Community Finance Ireland (CFI), the Crosspatrick Community Group successfully revitalized the hall with a term and bridging loan in social finance, enabling the facility to offer a wide range of activities, from table tennis and spin classes to bridge tournaments.

Originally constructed in 1810 as a church, the building later served as a school for the local rural community before being repurposed as a community hall in 1950. Over the years, it has become a central gathering place for residents, hosting various events, including school activities, coffee mornings, card nights, and exercise classes. The hall’s renovation project, initiated in 2020, addressed the building’s deteriorating condition, upgrading essential elements such as windows, toilets, and the kitchen to ensure accessibility and compliance with modern standards.

Thomas O’Connell, the Secretary of the Crosspatrick Community Group, highlighted the hall’s significance, stating,

“People would never get together if it wasn’t for the hall. For as long as I can remember, it has been at the heart of this local community.” The renovations have already had a positive impact, fostering a sense of community and providing a space where laughter and connection can thrive. In addition to its current offerings, the Crosspatrick Community Group aims to establish a business hub within the hall later this year.”

Crosspatrick Hall Community Finance Ireland
Pictured at Cross Patrick Hall in Co. Kilkenny: Head of Republic of Ireland Business for Community Finance Ireland Barry Symes and Jim O’Grady, Volunteer at Cross Patrick Hall.

Barry Symes, Head of Community Finance Ireland ROI, visited the renovated hall to commend Thomas and the Crosspatrick Community Group on their successful project. He emphasized the collaborative effort that made the renovations possible, stating:

“The renovations undertaken here are a fantastic testament to the people power of volunteers from the Crosspatrick Community Group, who have seen this project through from the outset.” Symes also acknowledged the community’s dedicated fundraising efforts and the financial support received from Community Finance Ireland, a Leader grant for Rural Development, and a community grant from the Bord na Mona Powergen Bruckana Windfarm.“

Community Finance Ireland has been instrumental in supporting community and voluntary organizations in Kilkenny, approving a total of €2.28 million in social finance loans since 2016. The organization takes a flexible approach to funding, bridging gaps and providing loans to meet the diverse needs of community groups.

Thomas expressed his gratitude for the support received from Community Finance Ireland, stating,

“”Our experience with Community Finance Ireland was really fantastic. Barry helped us with advice on our Leader grant application as well as the bridging loan to get the project off the ground. That support is the reason we’re here today.“

The Crosspatrick community hall’s transformation stands as a testament to the power of collaboration and the impact of social finance in empowering local communities.

Community Finance Ireland continues to deliver social finance solutions that support various community initiatives, sports projects, faith-based groups, and social enterprises. As part of the UCIT Group, Community Finance Ireland is the most progressive social finance provider on the island of Ireland.

If you and your community facilIf you, your board and volunteers need advice on how to fund a new idea for your community hall get in touch today or follow us on Twitter.  

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This week Ulster Community Investment Trust Ltd t/a Community Finance Ireland held its all island Annual General Meeting (AGM) in Belfast’s Clifton House. As part of the AGM, the team officially launched its Annual Report for 2022.

The report published today highlights the following key takeaways:

  • Ulster Region: £2.8m (€3.2m) of loans into 28 organisations
  • Leinster Region: £3.1m (€3.5m) of loans into 38 organisations
  • Munster Region: £0.9m (€1.0m) of loans into 16 organisations
  • Connacht Region: £0.6m (€0.7m) of loans into 7 organisations
  • £6.5m to 231 communities via much needed grant payments funded by the Department of Communities NI and in collaboration with NICVA
  • £5.8m in loan support to 186 SME clients through the management of the Invest NI sponsored NISBLF Fund II since 2018, in collaboration with Enterprise Northern Ireland.

With a client portfolio, whose core assets are predominately its volunteers, the 89 projects saw their own belief mirrored back to them and secured term or bridging loans which supported them in:

  • Providing access to facilities and services for their local area
  • Expanding their businesses and growing their memberships
  • Improving their sustainability and helping them achieve their long-term goals

In what was another extraordinary year for the history the organisation and for the communities and citizens on the island Donal Traynor Group Chief Executive highlighted the following in his welcome video message:

To learn more about Community Finance Ireland and discover the inspiring stories of the organisations we supported in 2022, please visit here.

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Dolmen Leisure Company CLG has announced it has successfully secured €175,000 in LEADER funding, which has been formally approved by the Donegal Local Development Company and Donegal LCDC, to establish a new Thatching School at the Dolmen Centre in Kilclooney, Portnoo, Co. Donegal.

The project, developed by the committee of Dolmen Leisure Company CLG, aims to support the continuation of the craft of thatching, which is an integral aspect of vernacular architecture in Donegal and Ireland.

With 75% of the construction costs covered by LEADER funding, the committee is actively raising funds to secure the remaining 25% through other funding and donations. The Thatching School will provide training in thatching delivered by master thatchers, who are keen to pass on their skills and knowledge. This unique educational facility will create employment opportunities and boost tourism in the area, offering a rewarding role to those who are seeking to work for themselves.

Speaking about the initiative, Patsy Harkin from Dolmen Leisure Company CLG, said: 

“One of our founding members of The Dolmen Centre, Conal Shovlin, first mooted this idea for Portnoo and tried to secure funding over 20 years ago so we’re thrilled to see our plans come to fruition after all these years. We’re excited to have professionally trained thatchers pass on their skills and keep this dying trade alive. The Thatching School and its construction is no longer a dream but will now be a reality.”

Dolmen Thatched Cottage 1
Sinead McLaughlin, Rural Development Manager DLDC, Barry Symes, Head of Community Finance Ireland ROI, County Councillor Anthony Molloy with the Dolmen Centre Committee and members of the local community who came to celebrate the announcement of the LEADER funding.

Sinéad McLaughlin, Rural Development Manager, DLDC, expressed her support for the Thatching School:

“DLDC is delighted to support the Dolmen Leisure Company CLG in their efforts to establish the Thatching School through its LEADER programme. This project will not only contribute to the preservation of an important cultural heritage but also create employment opportunities and boost tourism in the area.  We look forward to seeing the Thatching School thrive and the continuation of this unique craft.”

Dolmen Leisure also thanked Community Finance Ireland for providing interim finance for the project.  Barry Symes, Head of Community Finance ROI, said: 

“The team at Dolmen Leisure Company CLG are a fantastic example of visionary community spirit. We are delighted to be able to help finance this project and welcome the opportunities both of employment and future tourism that the project will bring to the area”.

Paddy Mc Hugh Building Contractors Ltd has been appointed as the local contractor, and Cornerstone Architecture in Ardara will be responsible for the design and supervision of the build. The planning permission was approved by Donegal County Council in mid-2022.

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First cross-border workshop held in Derry~Londonderry as part of delivery programme for project supported through the International Fund for Ireland.

An ambitious cross-border project is bringing people together to deliver a capacity building programme that will make border communities more sustainable.

NetWORKS23 is funded by the International Fund for Ireland’s (IFI) Communities in Partnership Programme (CiPP). It has a strong focus on developing and embedding sustainable relationships on a cross-border basis through supporting cooperation and innovation between groups and organisations North and South.

The project is being led by Community Finance Ireland in partnership with Rural Community Network. Both organisations bring a wealth of experience in social enterprise, finance, peace building and reconciliation.

Through a shared learning approach, NetWORKS 23 will facilitate cross-community and cross-border engagement with people who have had limited opportunities for collaborative working. The Project targets community and voluntary organisations in Derry, Sligo, Leitrim, Cavan, Fermanagh, Donegal and Tyrone.

Attending Networks23 event in Greysteel were left to right: Damian McAteer Community Finance Ireland Group Chair, Donal Traynor, Community Finance Ireland Group CEO, Columba Mailey, Manager of the Vale Centre, Bridie Mullen, Board Director Vale Centre and Paddy Harte IFI Chair.

Participants to date have attended residentials in Sligo and a cross-border workshop in Greysteel at the Vale Centre. The daylong seminar provided practical insight into the Vale Centre’s commercial activities,  revenue generation and how a social enterprise approach feeds into the public and social services offered to the wider community.

NetWORKS23 aims to build progressive partnerships that will deliver meaningful benefits for communities on both sides of the border and raise awareness of the issues and challenges while also contributing to the wider peace building work of the IFI.

Commenting on the project, IFI Chair Paddy Harte says;

“The NetWORKS23 Project is timely as border areas have traditionally suffered from isolation, lack of investment and the ongoing legacy of The Troubles. It is important to examine how we can improve reconciliation between rural Unionist and Nationalist communities to help build resilience and develop local leadership. This initiative will provide the necessary training for participants to examine the long-term development of their own projects within a wider peace and reconciliation context.

The IFI is committed to delivering cross-community and cross-border outreach, encouraging challenging conversations to deal with a range of issues. We are particularly pleased to support this project under CiPP, which values innovation and the creation of positive and long-lasting relationships between cross-border communities who share similar challenges.”

Donal Traynor Group CEO of Community Finance Ireland had this to say:

“Community Finance Ireland are delighted to lend their support to this cross-border initiative. Our support for the ongoing prosperity and development of all communities has been in place for over 21 years and our commitment remains for this generation and the next.”

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Community Finance Ireland are delighted to announce that we have been awarded the Social Enterprise Mark Accreditation. This prestigious accreditation demonstrates that the company is creating real benefits for people and the planet, and is committed to social impact.

The Social Enterprise Mark is an independently assessed accreditation that recognizes organizations that are operating as social enterprises. This means that they are using business to create social and environmental impact, and are committed to reinvesting their profits back into their mission.

Community Finance Ireland’s CEO, Donal Traynor, expressed his excitement about achieving the Social Enterprise Mark accreditation, saying:

“We are thrilled to have received this accreditation, which confirms our ongoing commitment to creating positive social impact. At Community Finance Ireland, we believe that social finance can play a critical role in building a more equitable and sustainable future for everyone. Our recent Social Value Impact report and findings further demonstrate how social finance is working to achieve great results, and we are committed to continuing this important work.”

The Social Enterprise Mark is awarded by Social Enterprise Mark CIC, the leading global authority on social enterprise. To achieve the accreditation, Community Finance Ireland underwent a rigorous assessment process that evaluated the company’s social and environmental impact, governance structures, and financial sustainability.

SE Mark Donal and Stephanie
Community Finance Ireland’s Compliance Officer Stephanie NIcholl and CEO Donal Traynor awarded the Social Enterprise Mark Accreditation April 2023

As a registered social enterprise, Community Finance Ireland is committed to using finance as a tool for positive social change. The company provides affordable loans to community and voluntary organizations, social enterprises, and charities across Ireland, helping to build stronger communities and support important social causes.

As well as recognising Community Finance Ireland’s dedication to achieving high quality social impact, holding the mark demonstrates our commitment to effective good governance controls, stakeholder engagement, financial transparency and ethical and good business practices.

Stephanie Nicholl, Compliance Officer at Community Finance Ireland said:

“The Social Enterprise Mark recognises and builds the capabilities of social enterprises as sustainable businesses that are dedicated to maximising social impact. The Mark recognises the value of our social impact, specifically with our clients that we work with in the Social Enterprise sector across areas such as sport, arts and heritage, community organisations, faith and church groups and the workspace provision.”

Stephanie further explains the importance of the recognition in the short video below:

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A dedicated team of ramblers from Community Finance Ireland are covering new terrain in an effort to raise funds for the charity MacMillan Cancer Support.

Our team (humorously named CFI Cirque du Sore Legs) have bravely decided to take on the hilly route around Northern Ireland’s North Coast on 24 June in the hopes of raising a personal target of £250 or a combined total of £1,500. While some are aiming on covering an impressive 13 mile half distance, other team members are geared up to complete the full marathon.

In preparation for the big day Compliance Officer and Employee Engagement Officer Steph Nicholl remarked that:

“I have been strength training at the local gym three times a week. Trying to build up some muscle in my calves, in my quads and in my hamstrings. Taking some smaller tasks to improve endurance, such as taking the twelve flights of stairs every day in the office rather than relying on the lift.”

The team have been spirited by a little bit of friendly competition in the office with each member vying to be top of the steps leaderboard each week. Chief Executive Donal Traynor notes:

“We found ourselves competing with each other trying to get the steps in on a weekly basis. I think I’m lagging very much so in that regard. But there’s still plenty of time to turn it around and for me to catch up in terms of the training.”

There are currently over three million people living with cancer in the United Kingdom while 44,000 people are diagnosed with cancer in the Republic of Ireland each year. MacMillan Cancer Support is a charity dedicated to offering healthcare support and financial support to those who have been directly or indirectly affected by cancer.

Finance Officer Sandra Cowan notes the importance of fundraising for a charity like MacMillan, as cancer has had a personal impact on her own family:

“MacMillan is a really good cause. Having lost loved ones to cancer, I just want to contribute what I can raise on the day and give that to MacMillan.”

Watch the video below from our team as they prepare for the big day on 24 June. They discuss their expectations, what they’ve done to ready themselves for the hike and why they have chosen to raise funds for MacMillan in particular.

If you would like to support the team’s fundraising activities, you can contribute to their efforts on their JustGiving page here.

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– £18 million social finance provided to Northern Ireland voluntary sector since 2016 –

Loughgiel Shamrocks GAC, based outside Ballymoney, is celebrating a win of a different kind. The club is set to repay a £250,000 loan to social finance providers, Community Finance Ireland in full after just five years, following investment in new club facilities including a sand pitch and ball wall. 

With no penalty incurred for early repayment, Loughgiel Shamrocks hit fundraising targets early using a patron scheme fundraising strategy, where members and friends of the club commit to supporting loan repayments.

Sean McNaughton, former Treasurer of Loughgiel Shamrocks GAC, said:

“Our Development Committee identified a need for better facilities due to increased participation in sports in the area.  After purchasing land, we needed financial support to construct a sand pitch with floodlights and fencing and an enclosed, floodlit ball wall with a 3G surface.  We knew that Community Finance Ireland was familiar with the GAA and the needs of local clubs, and we very much appreciated their fast decision making, advice and of course flexibility, allowing us to repay our loan early without penalty.”

The facilities at Loughgiel GAC are used by local club teams, Antrim County Hurling and Camogie teams and primary and post primary schools in the area. 

Loughgiel Shamrocks GAA Community Finance Ireland
Peter Smyth visits Loughgiel grounds and hears from its former Treasurer Sean McNaughton and local players benefitting from the new facilities.

Since 2016, Community Finance Ireland has supported 166 sports clubs, social enterprises and organisations from across the community and voluntary sector in Northern Ireland, with a total of £18.1 million in social finance loans.

Peter Smyth, Client Manager at Community Finance Ireland added:

“When we provide a loan to a GAA club, often towards a capital project like new facilities, it helps build momentum and shows that the club committee is delivering on the club development plan and is therefore worth supporting.

In the case of Loughgiel GAC, the improved facilities led to an increased sporting success by the club and greater usage by local schools and groups. The collective efforts of the committee, club members and supporters of Loughgiel to repay this finance in just five years, is an example of people power at its very best.”

Community Finance Ireland has provided £18million in social finance to Northern Ireland’s voluntary sector since 2016 and we’re proud £5.6m of that has gone to sporting organisations like Loughiel.

If you and your community facility need advice, get in touch today or follow us on Twitter.