Find Your Impact.

OpenImpact helps you find impact investment opportunities in Canada.

Impact Investment Funds in Canada

With impact investing, investors intentionally aim to secure a measurable positive impact while also getting a financial return. This website helps people search for impactful funds available to Canadians.


ProductWindmill Microlending Community Bond
Product Description

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 8200 skilled immigrants with over $65 million in approved loans - it is the largest organization offering microloans to skilled immigrants in every province and territory. 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 poverty by working in their chosen field.

Successful clients in the program increase their incomes by 3 times or more (depending upon their profession) and approximately 75% receive employment in their field. Unemployment in this cohort drops from 42% to 8%. Loan 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%+ and the funds are recycled into new microloans. The Windmill model is viable, sustainable and ready to scale up, with an ambitious growth plan to increase annual loan approvals to 4000. This is still just a fraction of the economic immigrants Canada welcomes to its borders each year. Readily available and quickly deployed loan capital is essential to the business model. The Community Bond program, launhced in 2018 is an invaluable source of loan capital. To date, Windmill has raised $18 million in loan capital through this impact investment opportunity.

Legal StructureUnsecured debt
Asset ClassPrivate debt
Product StageMature - public
Investment AvailabilityOpen
Product AUM$5-20M
Management Fee0

Impact evidence typeOutcome Data. Can provide outcome data demonstrating positive change for target beneficiaries
  • SDG 1 – No poverty
  • SDG 8 – Decent work and economic growth
  • SDG 10 – Reduced inequalities
Iris Target Groups
  • Adults
  • Minority populations
Regions Invested In
  • Canada

IssuerWindmill Microlending
AddressSuite 300, 165 Avenue Road Toronto, ON M5R 3S4
Telephone Number1-855-423-2262
Download PDF

Get added to the inventory

Submit your impact investing product to this site. 

Learn more

Learn more about impact investing