Immigrant Access Fund Micro Loans

Why IAF Micro Loans? Because they work!

Micro loans have been proven globally to be an effective tool to alleviate poverty among people unable to access mainstream credit due to lack of employment, credit history, and collateral. IAF is applying this body of knowledge to the licensing and training requirements of Canada’s skilled newcomers.

IAF loans are made to people who are trustworthy and are of good character. We lend to people not based on where they are today, but where we believe they will be in the future.

IAF micro loans are different than regular bank loans because IAF does not require applicants to be employed, have a credit history in Canada, or have collateral-all typical bank requirements. And, IAF micro loans are available to people who cannot receive a student loan because they are not taking full-time studies or they have not been in Canada long enough.

IAF invests in people who the banks would turn away – people who have skills and abilities our society needs.

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It's a Win-Win Approach

Studies show that the program is a win not only for Canada's immigrants, but for Canada's economy.

A recent study conducted at the Department of Economics at the University of Calgary has shone a light on exactly what this means. It quantifies an average rate of return of 33% on IAF loans. What investor wouldn’t jump at an opportunity like that? And that’s exactly what every IAF loan is: an investment, not a hand out.

For more information go to the Immigrant Access Fund Website at: http://www.iafcanada.org/how-to-apply/apply-now/saskatchewan/