The Internationally Trained Worker (ITW) Loan Program delivered through WILL Access provides access to the funds necessary to complete foreign credential recognition.
On average there are 350 000 immigrants that come to Canada each year with talent, skills and experience in many professions. Immigrants strengthen the Canadian economy by filling in labour shortages, driving innovation and bringing a global perspective.
However, once they start looking for work in their field, they realize that their credentials are not recognized and they cannot get a job in their trained profession. As a result, they take on starter jobs, which are typically low paying jobs, in order to survive and then they cannot afford the costs associated with accreditation and licensure to resume their career in Canada. This barrier results in the underutilization of highlight skilled professionals, which has a negative impact to themselves, their families and the Canadian economy.
WILL Access microloans address this barrier, by providing access to the funds necessary to complete foreign credential recognition.
One of the longest standing microloan programs in Canada, the ITW Loan Program helps you overcome financial barriers to licensure and certification by providing one of the lowest interest rates for loans up to $15, 000 of this type in Canada. The loan helps to cover the direct and indirect costs of credential recognition including:
The program’s loan counsellors help develop a financial support plan that is tailored to meet your unique needs in achieving licensure and certification. Applicants are pre-approved for loans by the program and referred to our lending partner Libro Credit Union to disburse the loan and provide you with valuable financial planning and money management skills training as part of the program.
Eligible applicants must:
Terms and Conditions
Loan applications are recommended and approved through the program’s delivery partners – WILL Access and Libro Credit Union. Application packages may be obtained from WILL Access.
Applications must include:
– Proof of immigration status
– A copy of the applicant’s licensure/certification plan with supporting documents
– Updated resume
– Copy of Degree, Diploma or Credential
– Information on the training or assessment program in which the applicant wishes to enroll
Meet with your career counsellor and get started with planning the best next steps for faster and easier entry into your profession in Canada. Connect to the right resources for you along your path.