Micro-crédit

By mmuise
Description:

SADC de Matagami provides loans between $500 and $5,000 to entrepreneurs unable to access the necessary funds in the traditional banking networks.


Comments on Funding:

Funding takes the form of loans ranging from $500 to $5,000.

Loan terms and fees:
1. Repayment period: between 1 to 3 years.
2. Interest rate: prime rate + 2%.
3. Guarantee: personal surety.
4. Reimbursement: at any time without penalty.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be entrepreneurs;
  • show a strong personal commitment;
  • reside within the SADC de Matagami territory;
  • have profitable and viable projects.
Application Steps:

-

Documentation Needed:

-

Other Things to Note:

The Matagami SADC covers part of the territory of the municipality of Eeyou Istchee Baie-James, namely the western sector at the limit of the Ontario border, Baie-James up to the 76th meridian towards the east and from 49th parallel in the south to the 55th parallel in the north. The Matagami SADC covers this territory, but does not serve the towns of Villebois, Valcanton and Lebel-sur-Quévillon.

About the author
mmuise