A new loan fund for community organisations is being launched in Virginia today

A new loan fund for community organisations is being launched in Virginia today.

The Community LEADER Loan Fund is being launched by social investment fund Clann Credo, to support rural groups and initiatives around the country.

The €25 million fund is being launched by local Minister Heather Humphreys and will allow groups to avail of loans, without having to provide a guarantee.

The launch is taking place in the Virginia Show Centre this afternoon.