MRC Témiscamingue — Créavenir - Desjardins
QC, Canada
Support for startups with credit and tailored financing
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- grant_single|timelineUnspecified
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Grant and Funding
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- MRC Témiscamingue
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grant_card_status|open
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The Créavenir and Microcrédit Desjardins programs offer funding up to $30,000 and $20,000 respectively, aiming to support young entrepreneurs and those with modest financial needs in starting or developing their businesses. Eligible activities include business startups and the development of existing enterprises with a focus on projects that lack access to traditional credit networks.
grant_single_labels|terms_and_conditions
The MRC Témiscamingue — Créavenir - Desjardins program provides adaptable financing options for young entrepreneurs to enhance credit history and support business development. The financing modalities are designed to meet various financial needs during the early stages of enterprise growth.
- An initial credit line up to $15,000, with potential increases to $30,000 after demonstrating 6 months of good financial habits, offered at the prime rate plus 0.5% over a 5-year term.
- A business credit card with a limit of $1,000 at a preferential rate of prime plus 0.5%.
- A grant of up to $5,000, subjected to certain conditions, which can be used as a down payment for accessing additional funding sources.
grant_single_labels|projects
The MRC Témiscamingue — Créavenir - Desjardins program encourages projects aimed at young entrepreneurs seeking to start or develop viable businesses. It offers financial solutions and personalized support to help bring these business ideas to fruition.
- Startup projects demonstrating a viable business plan.
- Expansion projects for businesses less than three years old.
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Eligibility for this grant is determined by specific criteria for applicants based on the program they choose.
- For the Créavenir program:
- The applicant must be between 18 and 39 years old.
- The applicant must have a viable business startup project or a business development project for an enterprise that has been operating for less than 3 years.
- The applicant must lack access to conventional credit or have insufficient access to conventional credit for the project.
- The applicant must be a member of a participating caisse.
- For the Microcrédit Desjardins program:
- The applicant must be 18 years old or older.
- The applicant must have a viable business startup project or a business development project for an existing enterprise.
- The applicant must lack access to conventional credit.
- The applicant must be a member of a participating caisse.
grant_eligibility_criteria|who_can_apply
The programs under "Finance solidaire" cater to young entrepreneurs and individuals or businesses without access to conventional credit networks, providing support for startup or business development projects.
- Individuals between 18 and 39 years of age with viable startup projects or developing businesses that are less than three years old can apply for the Créavenir program.
- Individuals 18 years or older with viable startup projects or business development needs can apply for the Microcrédit Desjardins program.
- Applicants must not have sufficient access to conventional credit networks.
- Applicants must be members of a caisse (credit union).
grant_eligibility_criteria|zone
This grant is applicable to companies located in specific regions, focusing on the support and growth of regional entrepreneurship. Eligible geographical areas are listed based on regional participation in the program.
- Abitibi-Témiscamingue – Nord-du-Québec
- Bas-Saint-Laurent
- Capitale-Nationale
- Centre-du-Québec
- Chaudière-Appalaches
- Côte-Nord
- Estrie
- Gaspésie–Îles-de-la-Madeleine
- Lanaudière
- Laval-Laurentides
- Mauricie
- Montérégie
- Montréal
- Ontario
- Outaouais
- Rive-Sud de Montréal
- Saguenay–Lac-Saint-Jean
grant_single_labels|register
Here are the steps to submit an application for the Finance solidaire grant:
- Step 1: Eligibility Check
- Review the conditions to ensure you are eligible for the Créavenir or Microcrédit Desjardins programs.
- Step 2: Plan Preparation
- Develop a comprehensive business plan detailing your startup or business growth project.
- Step 3: Local Organization Submission
- Identify the local development or microcredit organization in your region from the provided list.
- Submit your business plan to the chosen local organization.
- Step 4: Selection Committee Review
- If eligible, present your project to the selection committee corresponding to the program (Créavenir or Microcrédit Desjardins).
- Step 5: Post-Approval Support
- If approved, receive tailored support for your business launch or development.
grant_single_labels|otherInfo
Here is some additional relevant information for this grant:
- The Créavenir program provides a credit line and business credit card with preferential rates.
- The Microcrédit Desjardins program offers personalized support throughout the business start-up phase.
- Successful projects in the Créavenir program may receive up to $5,000 in grants for additional funding accessibility.
- For Créavenir program participants, there is potential to increase the credit line to $30,000 after demonstrating good financial behavior for six months.
Apply to this program
Empowering Young Entrepreneurs with Financial Support
The Créavenir and Microcrédit Desjardins programs provide essential financial resources and guidance to young and budding entrepreneurs who lack access to conventional credit channels. These programs aim to foster economic growth through community-focused and sustainable projects.
Detailed Insights into the Financial Support Programs
The Créavenir program is specifically designed to empower young entrepreneurs aged 18 to 39, offering them a line of credit to start or develop their business ventures. This initiative not only helps in constructing a robust credit history but also ensures that young business owners have the financial backings needed to turn their visions into reality. With access to tailor-made funding solutions up to $15,000, which can increase up to $30,000 upon showing good financial behaviors over six months, these young entrepreneurs are poised to gain a solid financial foundation for sustainable growth.
An essential feature of the Créavenir program is the holistic approach that combines financial assistance with personalized guidance. This guidance ensures that entrepreneurs receive the necessary mentorship and support, significantly increasing the odds of success for their business operations. In addition to the line of credit, participants may benefit from a subsidy, which can serve as a pivotal contribution towards leveraging further financial support.
Meanwhile, the Microcrédit Desjardins program targets entrepreneurs who require modest funding for either the inception or consolidation of their business. This program makes it possible for entrepreneurs who are marginalized by conventional credit systems to receive a loan tailored to their repayment capabilities, up to a maximum of $20,000. In this way, the program not only promotes entrepreneurial ventures but also strengthens economic inclusivity by opening avenues for financial empowerment irrespective of conventional credit accessibility.
The finance solidaire philosophy underpinning these programs emphasizes a developmental trajectory that is both economically sustainable and socially responsible. It ensures that financial services are not just profit-driven but also aligned with community development and comprehensive economic progress. These programs stand as beacons of hope for many entrepreneurs, providing them with the necessary tools and resources to build thriving businesses that can significantly contribute to local and national economic ecosystems.
Conclusively, both the Créavenir and Microcrédit Desjardins programs are instrumental in creating resilient entrepreneurial landscapes across various Canadian regions. By prioritizing human potential over immediate profitability, they ensure that finance acts as a bridge to sustainable business and community development. Entrepreneurs are encouraged to reach out to regional partner organizations to discuss their business plans and explore the avenues of support available through these comprehensive financial programs.
