Windmill Microlending Windmill Microlending Community Bond
Product Name: Windmill Microlending Community BondOverview: "Our goal is to unlock the economic potential of new Canadians and advance their prosperity - for their benefit and for Canada's. Since 2005, Windmill has served over 3700 skilled immigrants with over $21 million in approved loans - it is the largest organ""&""ization offering microloans to skilled immigrants in Canada. Windmill provides low-interest, flexible, character-based microloans to our immigrant and refugee clients who cannot unlock traditional credit when wishing to pay for their Canadian professional""&"" accreditation to work in their field in Canada. This is because they typically have little if any savings, and no collateral or Canadian credit history. Completing their accreditation learning plans enables them to move out of survival jobs and escape po""&""verty by working in their chosen field. Successful clients in the program increase their incomes by 2 - 3 times (depending upon their profession) and approximately 75% receive employment in their field. Unemployment in this cohort drops from 40% to 10%. L""&""oan recipients and their family members are able to enjoy increased financial security and social inclusion as well as the opportunity to contribute to the Canadian economy.
Windmill Microlending enjoys a repayment rate of 97.5%+ and the funds are recycl""&""ed into new microloans. The Windmill model is viable, sustainable and ready to scale up, with an ambitious growth plan to increase client loans from 665 in 2017-18 to 3500 annually by 2022-23. The beneficial impacts effect not only that many more individu""&""al clients, but their families as well.
In order to serve this number of clients, we need to grow our loan capital significantly."Issues Focused:
Quality Education, Decent Work and Economic Growth
Impact MeasurementIRIS 4.0 Social Impact Objectives:
Access to Education, Access to Financial Services, Community Development, Employment Generation, Equality and Empowerment, Income/Productivity Growth
IRIS 4.0 Environmental Impact Objectives: IRIS 4.0 Targets:
Adults (>18 years old), Minority/previously excluded populations
Impact Evidence Type:
Outcome Data: Can provide outcome data demonstrating positive change for target beneficiaries.
Last updated by Windmill Microlending
on 05 Nov 17:30
Investment DetailsLegal Structure:
Part of Series:
Institutional Investors, Foundations/Endowments, Accredited Investors, Retail Investors
Assets Under Management:
$1M < AUM < $5M
Average Management Fees %: 0.1%Average Performance Expectations:
0% ≤ Expectations ≤ 4%
Performance To Date: