Inclusive Entrepreneurship Microloans and Bursaries

Money can be a big barrier to taking ownership of your future - whether you’re starting a business, pursuing self-employment, or trying to get a community project off the ground. 

Since nearly half of all Canadians will be independently employed by 2030, we want to teach and enable more people to prepare for this shift NOW. That’s why Groundswell has partnered with local foundations and socially-minded financial institutions like Vancity to make this next step more accessible to you. 

How does the tuition microloan work?

If you’ve got big ideas and limited resources, the Vancity Microloan designed specially for Groundswell participants can help you pay tuition fees with a flexible, low-interest loan - and improve your credit rating too. 

There’s no fee to apply and a payment schedule will be created with you, taking your budget and entrepreneurial plans into consideration. For example, a three year microloan for $3500 at the low interest rate of Prime + 3% will have a payment of about $100 per month. And there’s no penalty for paying your loan back earlier as your venture takes off.

All you have to do is mention in your application that you’re interested and we’ll help you with next steps.

Who is the bursary for?

For each program intake, a limited number of bursaries are available to individuals from underrepresented groups or with intersectional identities, and to those facing systemic barriers to economic participation: 

  • Low Income or Precariously Employed

  • Newcomer, Immigrant or Refugee

  • Single Parent

  • Parent Returning to Workforce

  • Recent Graduate with Student Debt

  • Indigenous, Aboriginal, First Nations, Metis or Inuit

  • Black or Person of Colour

  • LGBTQ2S+

  • Female or Female-Identifying

  • Person with Disabilities

Groundswell bursaries can cover either 25% or 50% of your tuition fees depending on the funding available. We’re also making it easier for you to pay the remaining tuition through instalment payments or a Vancity microloan. The first step is to fill out an application so we can help you figure out next steps.

Apply Now