Bredin Microloans for Internationally Educated Professionals

Bredin Centre for Career Advancement, in partnership with the Government of Alberta and Servus Credit Union, offers low-interest lending to internationally educated professionals.

The Servus-Bredin Microloans program provides loans of up to $15,000 to support internationally educated professionals to restart their careers in Canada. The microloans can be used for:

  • Exam fees
  • Licensing cost
  • Professional fees
  • Aiming for licensure or certification in alternative careers related to their education and skillset in skilled trades with compulsory or optional registration
  • Seeking additional qualifications in their profession to facilitate labour market entry
  • Pursuing certification in unregulated occupations
  • Skills upgrading
  • Books, study materials and work equipment
  • Education and training programs of two years or less
  • English language training as a pre-requisite for your studies
  • Other costs related to continuing your career may be considered, such as a laptop for online courses

Key Features:

  • An affordable rate of interest of just Prime + 1.5%
  • Build credit history in Canada
  • Available to clients across Alberta
  • A manageable repayment period of up to four years with no penalty for an early payment
  • Applicants must have a licensure accreditation plan
  • Repayment for approved loans is 45-days after the loan is issued
  • The maximum amount available for each applicant is $15,000. If applicants also have microloans from other programs, the total amount borrowed from all the programs together cannot be more than $15,000. If applicants pay back their first microloan, they may be eligible for another through the program.

Basic Eligibility:

To be eligible for a microloan, applicants must:

  • Have the right to live and work in Canada
  • Be a resident of Alberta
  • Have professional-level education or training obtained outside of Canada
  • Be unemployed or underemployed
  • Have sufficient income or resources to make repayments on the microloan

For more information and to apply, CLICK HERE!

If you have any questions or need clarification, please email [email protected] or call 780.425.3730 EX:2289