Ottawa Community Loan Fund

Impact Areas:

Various

Abbreviation:

OCLF

Website:

Funding Amount:

< $5k, $10k - $25k, $25k - $50k, $50k - $100k

Geographic Area:

Ottawa, Ontario

Summary:

OCLF was launched to provide micro-credit in the community of Ottawa, initially with the focus on individuals who were trying to establish small businesses and who were not eligible for traditional financing. It expanded its services to youth and internationally trained professionals (immigrants).Funding Amount:

$500>$5K training loans

>$15K loans (small businesses),

>$45K loans for start-up costs (young entrepreneurs),

Program Objective:

Small business, social enterprise, young entrepreneurs (18-35yrs old), training leading to employment

Investment Type:

Loans, Micro-Loans, Training loans

Key Features:

>$45K loans for start-up costs (young entrepreneurs), >$15K loans (small businesses), $500>$5K training loans

Client Group:

Individuals