Microcredit : Indigenous Women’s Entrepreneurship Program (IWE)
This microcredit program is specifically designed to support Indigenous women in starting and developing their businesses. Due to customized financing, including the possibility of a non-repayable contribution, we support them at every step of your entrepreneurial project with the tools and resources you need to facilitate their succes.
Part-time business projects are also eligible!
Types of loans
MAXIMUM LOAN:
$25,000
MAXIMUM PROJECT COST:
$75,000
DURATION:
Up to five years
INTEREST RATE:
Advantageous and fixed for the duration of the loan
LOAN FORGIVENESS:
A portion of the loan may be forgiven if is it well repaid*
*(certain conditions apply).
MAXIMUM LOAN:
$20,000
MAXIMUM PROJECT COST:
$100,000
DURATION:
Up to five years
INTEREST RATE:
Advantageous and fixed for the duration of the loan
LOAN FORGIVENESS:
Not applicable
– A minimum down payment of 5% is required. Asset transfers are accepted.
– The business must be owned by one or more Indigenous women with over 50% of shares and operational responsibility.
Eligible Costs
Start-up costs
Employee salaries
Working capital
Equipment rental or purchase
Marketing and promotion
Inventory
External professional services
Training programs
Eligible Clientele
First Nations
Anishinaabe
Atikamekw
Eeyou (Cree)
W8banaki
Wendat
Wolastoqiyik