We are almost ready to submit our preliminary bank loan application — a big milestone on the journey toward establishing a permanent Vipassana centre in Ireland.

One important thing we’ve learned is that banks consider recurring monthly income as very important when assessing repayment capacity for a loan.

The good news is that monthly donations have grown steadily. Two years ago, they were €400. Today, thanks to the generosity of 39 old students, they have reached €1,225 each month. That is wonderful progress.

To qualify for a bank loan of up to €650,000, we estimate that we will need to show a consistent monthly income of €2,000. This means we are still €775 short.

The attached graphic shows the number of additional monthly donors that could help bridge this gap.

If you feel inspired to support this step towards a permanent centre, you can set up a monthly donation below.