Empowering Communities Through Social Finance with Clann Credo
Clann Credo, founded in 1996, provides loan finance to Ireland's Community & Voluntary Sector, supporting over 2,500 projects to date. With a mission to empower communities, they offer tailored loan products without personal guarantees, early repayment penalties, and with regional support.
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Presentation Transcript
Finance to Help Your Finance to Help Your Community Grow Community Grow Clann Credo - Community Loan Finance Financing Community Growth Tracey Hannon, Regional Manager West/North West Mayo PPN Plenary
Clann Credo Clann Credo- - Who are We? Who are We? Clann Credo was founded in 1996 and has provided Loan Finance to the Community & Voluntary Sector in Ireland for almost 30 years. Our mission is to support Community Development through provision of Social Finance, empowering communities to turn their own visions into reality. We lend to Community, Voluntary, Charity, Sports Groups, Social Enterprises.
210 Million invested in more 210 Million invested in more than 2,500 projects than 2,500 projects
Sectors Accessing Sectors Accessing Finance not for profit Finance not for profit 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, Climate Action 4
Why choose a Why choose a Clann Clann Credo loan? Credo loan? 8 out of 10 new customers referred by other Community Groups In-depth Knowledge of Grants: specialised loan products 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 No Early Repayment Penalties: Applies to all loans, including fixed rate loans Track Record of almost 30 Years: since 1996, 210 million loaned to over 2,500 community organisations. Regional Staff: Based in your area and assigned to your project from start to finish. 5
Clann Credo Clann Credo Loan Finance Loan Finance Secured Grants Bridging Finance to to Future Commitments Interest paid monthly with lump sums paid as the grant or commitment is received
Clann Credo Clann Credo Loan Finance Loan Finance Capital Expenditure Interest and Capital repayments monthly but can be structured to match the income streams of the group Matching Finance to grant funding Term Loan for Financial Restructure Working Capital
Affordable Rates Affordable Rates Typical Annual Interest Rate Typical Arrangement Fee Loan Amount Up to 800,000 5.95% (Variable) None Term Loan: up to 15 years 1% Up to 800,000 6.95% (Fixed) Bridging Loan: up to 2 years (minimum fee 300) No Personal Guarantees required. No Penalty Early Repayment: You have can make extra payments with no penalty fees; in fact you will save on interest. Applies to ALL loans, including fixed rate loans. 8
How do we Apply? How do we Apply? Get in Touch! tracey@clanncredo.ie 087 6488390 No application form! Please send us: Information about your organisation and its management (spr committee Main aims of the project (positive impacts) Total cost of your project, including professional fees, and ct how you will fund it (grant, own funds, match funding loan). Financial Statements / Treasurers Reports from the last 2 years Income and Expenditure Projections for the next 3 years Confirmation of Legal Structure (Company Limited by Guarantee, Trustees, Unincorporated Association) 9
Mayo Projects Funded Castlebar Voluntary Social Services Music West
Mayo Projects Funded Castlebar Scout Group ras Inis Gluaire
Thank you Thank you REGIONALLY BASED STAFF West/North West Region: Tracey Hannon, Regional Manager M: 087 648 8390 E: tracey@clanncredo.ie 12
