About Windmill Microlending
Windmill Microlending is a Canadian non-profit organization offering low-interest career loans to help newcomers finance the education they need to succeed in Canada. Since 2005, Windmill has supported over 10,000 immigrants and refugees to overcome underemployment and succeed in their chosen careers.
We partner with various institutions to help their members cover the costs of tuition, accreditation, relocation, and living expenses. Our affordable loans are designed to meet the unique needs of immigrants, who often cannot access traditional credit lines. Windmill offers a fixed low-interest rate that is more favorable than other financing options.
About CDI College
CDI College has been enhancing students' career prospects for over 50 years. As one of Canada’s leading career-training providers, CDI offers robust, market-driven online programs that equip students with the skills sought by employers in the business, technology, and healthcare industries.
Client Success Story: Victor’s Journey
Arriving in Canada from Mexico City in 2015, Victor experienced uncertainty about his career direction. During the COVID-19 pandemic, he re-evaluated his career goals but was held back by the costs of re-training. When he first learned about affordable loans through Windmill Microlending, he was skeptical, thinking it was too good to be true. However, Windmill helped him pursue his dreams.
Today, Victor has achieved his dream job as a Cybersecurity Specialist. "When I landed this job, I felt like my life was back on track," says Victor.
What Makes a Windmill Loan Unique?
Windmill Microlending loans offer several unique benefits tailored to newcomers:
- Loans up to $15,000
- Fixed low-interest rate as low as 6.7%
- Zero loan processing fees
- Two years of interest-only payments, followed by up to three years of principal + interest payments, depending on the length of your career plan
- Access to Success coaching support and mentorship programs
More Than Just a Loan
As a Windmill client, you gain access to various services to help you succeed:
- One-on-one coaching to guide your career development
- Career and educational resources
- Financial planning and budgeting tools
- Exclusive access to the Windmill Mentorship Program
- Participation in the Community Success Hub
Our Impact on Clients
Over 3x Growth in Income
Newcomers often take low-income survival jobs when they first arrive in Canada. Windmill helps clients return to their trained professions, resulting in more than a threefold increase in income.
95% Historical Repayment Rate
Windmill’s affordable loans and supportive repayment structure lead to a 95% repayment rate, reflecting the success and determination of our clients.
75% Decrease in Unemployment
As borrowers advance in their careers, their employment opportunities soar. This marks the beginning of a remarkable journey that strengthens Canada’s workforce and economy.