How it works
Community Micro Lending facilitates loans between lenders and entrepreneurs in the Greater Victoria community. We walk with potential entrepreneurs through our simple application process, which includes the development of a business plan, a credit check, and a criminal record check. Our loan committee then meets with potential entprepreneurs to hear a short presentation and ask questions. If your loan is approved, we post your profile on our Entrepreneur Profilepage and your loan is filled by people in the local community.
Entrepreneurs are selected based on need and a good idea rather than experience, collateral, or a complete business plan. As part of the loan process, entrepreneurs participate regularly in our mentors-entrepreneurs community, receive help developing and implementing a business plan, take part in finanical literacy training, and are matched with a with a team of mentors.
For more information download our application package or write to vu_communitymicrolending.ca.
