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Refugee Loan Program

Windmill Microlending is dedicated to helping newcomers succeed in Canada’s job market. Windmill achieves this by providing microloans of up to $15,000 for the costs of the licensing/training they need to work in their field in Canada.

Convention refugees and protected persons from anywhere in the world can apply for Windmill’s no-interest Refugee Loan Program, as long as they apply within three years from the time they have attained refugee status in Canada.

Please note that refugee claimants are not eligible at this time.

Windmill’s Refugee Loan Program is unique:

  • Convention refugees and protected persons do not pay interest
  • Interest is being paid by the generosity of community donors
  • We can lend to people with low income
  • Application process is quick
  • Collateral is not required
  • Credit history in Canada is not required
  • Repayment terms are newcomer-friendly

Windmill loans are character-based. Loans are approved on the strength of the applicant’s character and strength of their career development or learning plan.

Loans may be used for:

  • Education and training programs of two years or less
  • Fees for licensing and qualifying exams
  • Travel expenses to take courses or write exams which are unavailable in your area
  • Assessment of qualifications
  • Fees for professional associations
  • Books, supplies and other course materials
  • Living allowance during study time (if you need to quit your job or reduce your hours during study time)
  • Other costs related to restarting your career may be considered

Loan repayment:

You are required to make minimum monthly payments while you are completing your licensing/learning plan (to a maximum of two years). These will be $10, $25, or $40 per month, depending on how much you borrow.

You will have to start making larger principal payments within 90 days if you:

  • Find employment in your field
  • Complete your licensing/learning plan, or
  • Decide not to continue with your licensing/learning plan

As with standard Windmill loans, borrowers will be registered with Equifax to begin building their credit history in Canada. Click here to learn more about our loan terms and conditions.

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