Social Finance Foundation
Social Finance Foundation was established in 2007 by the Government to address the needs of community organisations and social enterprises for loan funding which was difficult to obtain from mainstream financial institutions. Acting as a 'wholesaler', it provides funding for its lending partners Clann Credo and Community Finance Ireland.
Their Impact
Moville & District Family Resource Centre is in the Inishowen Peninsula in North Donegal. The area of East Inishowen has a population of 10,000 and its natural hinterland is Derry. The area has been impacted significantly through a decline in employment opportunities in Derry and coupled with the impact of Brexit, the community experiences multiple challenges resulting in high levels of disadvantage.
The Moville & District Family Resource Centre, established in 2004, is delivering much needed social services to the local community of East Inishowen. From 2015 the team at Moville & District Family Resource Centre experienced a significant increase in demand for their services to such an extent that they were unable to meet all local needs due to the capacity of their premises. Following a meeting between the executive and the board of management in 2020, it was agreed to take a 3-year lease on a new and larger premises on Main Street in the town, with the option to purchase the building. And as the demand for services continued to grow steadily the executive team knew that the next decision to make would be a game changer – to purchase the building outright. With a mandate from their board, the Moville FRC team approached Clann Credo for social finance and, after a few meetings, secured a term loan to purchase the property. Armed with the Clann Credo loan, grant aid from Tusla and plenty of determination and ambition, Moville FRC acquired the property. Moville & District FRC and Clann Credo understand the importance of individuals and families who experience disadvantage having access to supports and services in their local community. The new premises means the team at Moville & District FRC can continue to deliver existing services while offering new supports and services to local people including youth and adults seeking counselling services. Clann Credo recognises the relationship Family Resource Centres have with local families experiencing disadvantage are proud to support Moville & District FRC.

