Partner Loan Funds

Making Micro-Finance More Accessible

After more than 10 years of working to expand and develop our program, we recognize that accessing micro-finance remains difficult in Canada.  In order to allow the maximum number of individuals to participate in our program, we’ve developed important relationships with community organizations across the province of Ontario.
Some of our current partnerships include:

Ottawa Community Loan Fund (OCLF)

Alterna’s partnership with the Ottawa Community Loan Fund (OCLF), a not-for-profit social finance organization, provides funding to aspiring entrepreneurs, social enterprises and internationally trained talent who would not otherwise qualify for or have access to credit from traditional financial institutions in the Ottawa region.

Access Community Capital Fund (ACCF)

Access Community Capital Fund (ACCF), a registered Canadian charity based in Toronto, has partnered with Alterna Savings to provide individuals without collateral or credit history access to micro-loans on the basis of the quality of their abilities, skills, and commitment, as well as the strength of their business plan.

City of Toronto (Youth Micro Loan Pilot)

The Youth Micro Loan Pilot, a one-year project, funded by the City of Toronto in partnership with Toronto Community Foundation, Toronto Community Housing and Alterna Savings, provides youth entrepreneurs, living in Toronto’s west-end priority neighbourhoods, with coaching, business development training, one-on-one business mentoring and potentially a business loan of up to $5,000.