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Clann Credo presentation
- 1. Mapping the Third Sector Dublin 12 Funders Market St Agnes Parish Centre
- 2. Social Finance Jennifer Hennessy Social Finance Executive Clann Credo – the Social Investment Fund
- 3. Speedpak “ Social Finance has as its prime purpose, care of people and communities” Sr Magdalen Fogarty, Founder Clann Credo
- 4. Purpose of Presentation Who are Clann Credo? What is Social Finance? How does it work?
- 5. Background Since 1996 Not-for-profit - Registered Charity Over €26M invested in over 200 projects € 7.2M approved in 2008 Funded by Religious Organisations and SFF
- 6. What is Social Finance? Social Return + Capacity to Repay Access to Finance for: - Community & Voluntary Sector, - Charitable Organisations - Community Businesses and - Social Enterprises
- 7. Difference from Mainstream Providers? Specifically designed for Third Sector A way for Investors to contribute to social development Proven Track Record No Personal Guarantees Build Individual Organisation’s Capacity
- 8. Projects Supported Social Housing Community & Enterprise Centres Sports Facilities (including GAA/soccer clubs) Elder and Youth Care Environmental Projects Community Arts/ Drama Accessible / Rural Transport
- 11. Projects Supported St Michaels Theatre Centre for the Arts Kilmuckridge Family Resource Centre
- 12. HEAT Ltd Insullation of 2,500 Attics Draught Proof 1,600 Houses Staffed by CE & JI workers County Council Contract
- 13. Product Loan size €20k - €500k Several months to 7 years (15 yrs for property) ECB + Margin
- 14. Working Capital Bridging against grant or fundraising Matching Funding Property purchase, Construction / Refurbishment Purchase equipment and vehicles
- 15. Making an Enquiry What you do What you propose to do What your needs are
- 16. Process Meeting with Clann Credo Representative Clann Credo Executive prepares an Evaluation report Report presented to Evaluation Committee for Recommendation Board Decision
- 17. Information Required Social Dividend – Mission / Ethos Background and Summary of Activities Management and Board Viability – Market demand for product
- 18. Information Required Loan Requirement Repayment Capacity Audited Accounts Management Accounts Projected figures
- 19. Thank You
- 20. Contact Jennifer Hennessy Office No. 01- 4002100 Mobile: 087 9556721 E-Mail: [email_address] Web: WWW.ClannCredo.ie