March 1, 2024, (VANCOUVER, B.C.) Windmill Microlending is pleased to announce a half-a-million-dollar investment from Coast Capital, a significant boost for skilled immigrants and refugees across Canada. This partnership will unlock doors to career advancement and economic success for newcomers. The investment not only fuels low-interest loans for essential professional certifications, education, and training but also extends to vital services like financial literacy education and mentorship.
“As a federal financial cooperative and social purpose organization, Coast Capital is committed to creating economic opportunities for people and businesses in Canada,” says Maureen Young, Vice President of Social Purpose at Coast Capital. “We are thrilled to partner with Windmill Microlending to strengthen the economic resilience of newcomers, which will contribute to the long-term growth of British Columbia, Alberta, and Ontario.”
"We are grateful to Coast Capital for their generous investment and shared commitment to helping skilled immigrants reach their potential,” says Claudia Hepburn, CEO of Windmill Microlending. “When skilled immigrants are given the opportunity to utilize their skills, we all benefit."
About Coast Capital
At Coast Capital, we’re not dreaming about a better future, we’re building one. We’re a member-owned financial cooperative with an 80-yearlegacy of unlocking financial opportunities that positively impact people and communities. We believe that every Canadian deserves a financial partner who actually cares how things turn out. Driven by our social purpose, we look at everything we do through the lens of how we can help our 600,000 members, our employees, and communities. Ranked in the platinum category of the 2022Corporate Knight’s Social Purpose Ranking and a proud Certified B Corporation®, we’re part of a global movement building a more inclusive, equitable and regenerative economic system. Each year, we invest 10% of our budgeted bottom line into our communities, which since 2000 totals over $100M. We’re deeply committed to making our financial cooperative a great place to work as demonstrated by some of our accolades. Coast Capital is a platinum member of Canada’s Best Managed Companies and one of Canada’s Most Admired Corporate Cultures. To learn more, visit us online at coastcapitalsavings.com.
About Windmill Microlending
Windmill Microlending reduces poverty, inequity and labour shortages by providing affordable loans to help skilled immigrants and refugees put their skills to work in Canada. Founded in 2005, Windmill has delivered more than 10,000 loans to new Canadians, helping them triple their incomes, on average, and transforming their potential into prosperity. For more information, please visitwww.Windmillmicrolending.org, or follow us on LinkedIn or Instagram.
