Windmill Micro-lending is a government-funded, registered charity specializing in offering low-interest microloans to internationally-trained professionals arriving in Canada. Windmill offers up to $15,000 to help internationally-trained professionals cover the costs of training, education and licensing requirements needed to launch their careers in Canada.
A Windmill loan may be used for:
- Short-term (two years or less) training
- Exam fees with a professional licensing association
- Travel expenses to write an exam
- Qualification assessments
- Professional association fees
- Books and course materials
- English or French language courses specific to employment
- Living allowance during study time
- Other related expenses
Recipients can take up to 5 years to repay either type of loan.
Foreign Credential Recognition Loan Project
The Foreign Credential Recognition (FCR) Loan Project is a collaborative effort among S.U.C.C.E.S.S. and community partners, to assist Internationally Trained Professionals (ITPs) with their credentialing and employment needs. The goal of the Project is to act as a bridging tool to help ITPs to pursue their credentialing process and to return to their professional fields in Canada while reducing their financial burden.
SUCCESS Foreign Credential Recognition Project offers:
- Individual Support and Guidance
- Job Market Navigation
- Financial Support through Low-Interest Loans
- Mentoring and Coaching
- Virtual/Online Services
Once a client’s needs are ascertained, we offer a competitive loan through our financial partner, Vancity Credit Union, to cover the costs and expenses associated with their individual accreditation plan. Loans range from $1,000.00 – $15,000.00 and interest is calculated at Prime + 1.49%.
Please note that The ITL Network is not affiliated with Windmill Micro-lending or the Foreign Credential Recognition Loan Project, and the inclusion of their information on our site should not be construed as an endorsement of their products or services. If you have any questions, please contact the organizations directly.