Why Loans for Immigrants Make a Difference

June 25th, 2013

“We lend to people not based on where they are today, but where we believe they will be in the future.”

Community-based loans have a flexibility that mainstream banking does not. Calgary’s Immigrant Access Fund (IAF) gives new opportunities to skilled immigrants with compelling drive and character, but no credit history, no assets, and no success with mainstream lending institutions. IAF sees incredible potential in its newcomer population and is willing to put its credit where its confidence is. The IAF Loan Program provides internationally trained newcomers, regardless of occupation or training, with loans of up to $5,000 to help cover costs to get back to work in their field in Canada.

Cities of Migration speaks with Vanessa Desa, President of IAF Canada, and Dianne Fehr, IAF Alberta Executive Director, to learn more about how small loans can make a difference in the lives of newcomers.

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