Foreign Credential Recognition (FCR) Loans Pilot Project - SRDC

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.

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