Micro-Credit Program
Black Creek Micro-Credit Program Information
What is the Black Creek Micro-Credit Program?
The Black Creek Micro-Credit Program is a loan support program that seeks to get businesses in the community up and running. Established in 2007 as a part of the Black Creek Community Capacity Project, we partner with Access Community Capital Fund and Alterna Savings to support individuals in the community who need assistance with funding for business and skills development. The Black Creek Micro-Credit Program will contribute to the community, by creating employment and opportunities for professional experience.
A micro-credit program is different from normal bank loans. Members of the community provide the investment backing for local community members who have sound business ideas but are unable to get credit from mainstream banks.
About the Black Creek Community Capacity Building Group
The vision of the Black Creek Community Capacity Building Group is to improve the quality of life of residents living in the Black Creek community by building on strengths and resources. We want to work together with residents, community agencies, faith groups, and businesses.
For more information about the Black Creek Community Capacity Building Group, please e-mail us at info@blackcreekcapacity.ca
About us:
The Black Creek Micro-Credit program, as a specific chapter of the Access Community Capital Fund, has a Black Creek Steering Committee, a Local Loan Review committee and an Outreach Committee. Representation on these committees includes community members, representatives from various community-based organizations, local institutions such as York University and people with backgrounds in finance and business. For more specific information contact microlending@blackcreekcapacity.ca
Working Together to Invest in the Black Creek Community
The Black Creek Micro-Credit Program recognizes the cultural richness and vast potential of the neighbourhood and seeks to support small business incubation and growth by reducing barriers to financial credit.
The program is designed to build bridges between the entrepreneurial desires of community members and the opportunities for local business development.
Investment in the program is an investment in the Black Creek community. Together we can help each other build an even more vibrant community.
Ways To Get Involved:
- Borrow from the fund to start or expand a local business
- Invest in the fund to support the incubation of local businesses
- Donate funds to help defray our minimal administrative costs
- Volunteer as a member of our Loan Review or Outreach Committees
- Mentor a new micro-entrepreneur
- Offer skills supports or sales discounts to community-based businesses
To find out more information about how you can invest, support or apply to the loan fund,
- email us at microlending@blackcreekcapacity.ca, or
- call us at .416.747.5616
