A New Microloan Program For Immigrants Launched in Manitoba
The Manitoba government is contributing $250,000, while Human Resources and Skills Development Canada (HRSDC), through its foreign credential recognition loans pilot, is providing $1.2 million for the initiative. The two year pilot, called Recognition Counts! Micro Loans for Skilled Immigrants, will be administered by Supporting Employment and Economic Development (SEED) Winnipeg, a non-profit agency with a mission to increase economic development in low-income communities.
The goal of the program is to help immigrants get the qualifications and licensing necessary to work in their vocation in Canada. One of the first program enrollees is Dr. Esam Beshay, a dentist from Egypt who will use the loan to complete the process for getting a license to practice dentistry in Canada.
The microloan program is similar to the Immigrant Access Fund, a program funded jointly by the provincial government of Saskatchewan and HRSDC’s foreign credential recognition loans pilot to provide microloans to recent immigrants for education and training programs.