About IAF – Immigrant Access Fund
posted on October 5, 2017
Once arriving in Canada, most immigrants need to find work quickly, to cover costs such as living expenses. Even with excellent professional skills, they still face barriers. They can’t afford expensive re-qualifying programs or repeat the training they already have. Immigrants also require information to help them succeed as newcomers. This is where the IAF can help.
It was established in 2003 in Alberta, by a group of community builders. A newcomer’s lack of credit history and suitable employment limits their access to credit sources. The IAF provides micro loans of up to $10,000 to internationally trained immigrants. It can pay for many needs, like:
- Textbooks and course materials
- Living budgets during study time
- Exam costs with a professional governing organization
- Professional association fees
- English or French language courses specific to employment
This will allow them to get the Canadian licensing or training they need to work in their field and be a contributor to the Canadian economy. As of 2015, the IAF has approved $17 million in loans to 2,700 immigrants in different jobs across Canada. It is made possible by the support of provincial and federal governments, private donors and credit guarantors.
To find out more about the IAF or to see if you qualify, you can click here. You can find access to their quarterly reports on their site also.
Questions to Promote Self-Discovery
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