ACEM: Montreal Community Loan Association

Impact Areas:

Low income persons. Particularly, single parent women, youth and individuals from an immigrant or cultural community, social economy enterprises and not-for-profit organizations.

Abbreviation:

ACEM

Website:

Funding Amount:

$10k - $25k, $25k - $50k, $5k - $10k

Geographic Area:

Montreal

Summary:

ACEM: Montreal Community Loan Association provides accessible loan credit and technical support to individuals living on a low income and to organizations that do not have access to traditional forms of credit for the start up or expansion of their community or business project. Fundamentally, all of ACEMs work in the community is geared towards capacity building among low income populations on the Island of Montreal.

Funding amount:  $5,000 – $25,000 with a maximum of $50,000 for social economy, cultural or non-profit enterprises.

Program Objective:

ACEM is a non-profit community loan fund whose mission is to fight poverty and exclusion through an innovative approach: community credit. ACEM provides accessible credit and technical support to individuals living on a low income and to organizations that do not have access to traditional forms of credit for the start up or expansion of their community or business project.

Investment Type:

Direct, Bridge Loans

Key Features:

Direct loans up to $20K for the start-up, consolidation or expansion of individual or social economy businesses; bridge loans to a maximum of $50K for social economy, cultural, or non-profit enterprises

Client Group:

Individuals, Organizations