Micro-credit Funds

By mmuise
Description:

With support from the Federal Economic Development Agency for Southern Ontario and in partnership with the Prescott-Russell Community Development Corporation (SDCPR), the Franco-Ontarian Foundation (Foundation) supports Francophone entrepreneurs girls from Southern Ontario (Windsor to Hawkesbury). The micro-credit program provides borrowers with repayable financial assistance, offered in the form of loans.


Comments on Funding:

The funding will take the form of a repayable loan of up to $30,000 ($15,000 from the Foundation and $15,000 from the Prescott-Russell Community Development Corporation (SDCPR)).

Deadline: -
Eligibility:

The applicant must be a french-speaking business that:

  • will help improve business performance and productivity;
  • will mainly employ Francophones to fill the jobs created and/or maintained;
  • presents a reasonable possibility of achieving economic validity;
  • has an active French-speaking offer (marketing, promotion, website, etc.);
  • does not infringe good morals;
  • demonstrates that they are commercially viable;
  • demonstrates the ability to repay all the funds advanced to it by the IDESO Investment Fund, in the form of a loan or participation in its share capital;
  • is able to demonstrate that it has the potential to create or maintain new jobs in the territory designated in the mandate;
  • has its head office in Ontario;
  • is located or plans to be relocated in one of the following regions: Brant, Lennox and Addington, Bruce, Middlesex, Chatam-Kent, Niagara, Dufferin, Northumberland, Durham, Ottawa, Elgin, Oxford, Essex, Peel, Frontenac, Perth, Gray, Peterborough, Haldimand-Norfolk, Prescott and Russell, Haliburton, Prince Edward, Halton, Renfrew, Hamilton, Simcoe, Hastings, Stormont, Dundas and Glengarry, Huron, Toronto, Kawartha Lakes, Waterloo, Lambton, Wellington, Lanark, York, Leeds and Grenville.
Application Steps:

Applicants must submit the application form and the supporting documentation to Marc Lavigne, General Manager at dg@fondationfranco.ca or 613.565.4720.

Documentation Needed:

Applicants must submit:
1. the disclosure of personal information (i.e., divulgation de renseignements personnels) of each applicant;
2. the disclosure of company information (i.e., divulgation de renseignements sur l'entreprise);
3. the notice of consent to the Prescott-Russell community development corporation (i.e., avis de consentement à la Société de développement communautaire de Prescott-Russell) from each applicant;
4. annex a - forecast of results (i.e., prévisions des résultats);
5. annex c - personal balance sheet (i.e., bilan personnel) for each applicant.

Other Things to Note:

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About the author
mmuise