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People First Credit Union gets green light to help Laois and Kildare businesses survive Covid-19 Credit union approved to give loans of up to €1 million Reporter: ); Business in Laois and Kildare will be able to borrow up to €1 million from a local credit union thanks under a new plan which will see the People First Credit Union permitted to lend up under the Government’s COVID-19 Credit Guarantee Scheme (CCGS). People First Credit Union, which is a member of Metamo, the joint venture between 16 Credit Unions and Fexco, says it will now be able to provide Government-backed loans directly to local Small and Medium Enterprises (SMEs), whose survival is critical to the vibrancy and economic wellbeing of the Laois, Kildare areas in which it operates. ....
Updated / Friday, 15 Jan 2021 10:53 Joe O Toole, Chair of the Metamo Credit Union Group; Anne King, Board Member of Metamo and Denis McCarthy, Fexco CEO Seven of the country s largest credit unions, all members of Metamo, have become the first credit unions to offer loans to SMEs under the Government s Covid-19 Credit Guarantee Scheme (CCGS). Metamo is the joint venture between credit unions and Fexco and was set up in July 2019. The seven credit unions joining the CCGS have a combined membership of about 250,000 members and include Cara Credit Union, Mallow Credit Union, First Choice Credit Union, People First Credit Union, St Canice s Credit Union, Limerick & District Credit Union, and Synergy Credit Union. ....
Tánaiste welcomes Credit Union participation in COVID-19 Credit Guarantee Scheme more options for Irish SMEs and primary producers The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD today (Thursday 14 January) announced the participation of Metamo Credit Unions and three non-bank lenders: Linked Finance, CapitalFlow and Finance Ireland, in the governmentâs â¬2 billion COVID-19 Credit Guarantee Scheme. The Credit Guarantee Scheme is the biggest ever state-backed loan guarantee in Ireland. The Scheme offers an 80% Government guarantee to participating lenders to provide Irish businesses, including those in the farming and fishing sectors, with access to low interest loans as they respond to the impacts of COVID-19. ....
Tánaiste Welcomes Credit Union Participation in COVID-19 Credit Guarantee Scheme The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. today (Thursday, 14th of January) announced the participation of Metamo Credit Unions and three non-bank lenders: Linked Finance, CapitalFlow and Finance Ireland, in the Government’s €2 billion COVID-19 Credit Guarantee Scheme. The Credit Guarantee Scheme is the biggest ever state-backed loan guarantee in Ireland. The Scheme offers an 80% Government guarantee to participating lenders to provide Irish businesses, including those in the farming and fishing sectors, with access to low interest loans as they respond to the impacts of COVID-19. ....