Providing micro-loans to newcomers allows them to overcome financial barriers to upgrade their skills and obtain their license or certification
The Atlantic Immigrant Career Loan Fund is a micro-loan fund for internationally trained immigrants in Atlantic Canada. Providing micro-loans to newcomers allows them to overcome financial barriers to upgrade their skills and obtain their license or certification so that they can:
- Practice their occupation, regulated or unregulated
- Find opportunities in field or a related field
- Change career to adjust to the labour market needs
Barriers to Employment?
As a newcomer, you might experience barriers to employment, especially if your foreign credentials are not recognized in Canada or if your employment training and experience do not align with the labour market needs in Atlantic Canada. Newcomers to Canada must have their foreign credentials and certificates recognized to work in their fields. Moreover, research suggests that your chances of finding employment double if you receive additional training in Canada. However, the cost of education programs might not be affordable. The AICLF can help eligible applicants pay for:
- Registration fees
- Licensing and examination fees
- Training, tuition fees, related text books or online resources
- Living expenses (during exams or a specific training)
- Travel and accommodation expenses to complete exams and courses
- Work tools
Access the funds you require!
Newcomers might have challenges accessing a private bank loan, as they do not have a Canadian credit history yet. If your course or training is not eligible for a Government student loan program, you might be eligible for the AICLF.
If you are interested, watch this short introduction video to learn more.