Foreign Credential Recognition (FCR) Loans Pilot Project
Launched in 2012 by then Human Resources and Skills Development Canada, the FCR Loans Pilot Project targets internationally-trained workers who are unable to or experience difficulty in accessing traditional lending sources mainly through financial institutions.
The project took place in 9 sites across Canada wherein 11 microloan program models were piloted. SRDC designed and implemented a research framework seeking to:
(1) draw lessons learned from the diversity of models tested and the contexts in which they are tested;
(2) determine whether the microloan programs have the desired effect and under what conditions;
(3) conduct a costs analysis of the FCR Loans Pilot Project; and
(4) explore whether the microloan models can be sustained in the longer term.
Project Details
Published: February 2022
Capability: Program Evaluation/ Performance Measurement
Policy Area: Community Capacity, Employment, Newcomers Labour Market Integration
Population: Newcomers
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