Cullaun Sailing Club was set up in 1980 by a small number of sailing enthusiasts in the estuary of the river Shannon. Over the years, the club has built up a small fleet of club sailing boats which they use to train novices to use before they invest in their own boats. In its 38 year history the club has grown significantly and owes its success to the enthusiasm of its dedicated membership. During 2017, the organisation availed of a loan from Community Finance (Ireland) to enable them to construct a new Clubhouse.
The 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. An innovative approach was taken to its establishment involving collaboration between the private, public and social sectors. It was supported by the Department of Finance, funded completely by the Irish Banking Industry and set up as a company limited by guarantee and a registered charity. The funding by the Banking Industry recognised its responsibilities to the social sector in Irish society. It enabled lending to the sector which did not come within Irish Banking’s own prudential lending parameters.
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