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
Other Related Projects
PROSPECTS: Propelling to Result-Oriented Strategies in Planning, Evaluation, and Continuous Transformation in Settlement
PROSPECTS is an initiative funded by Immigration, Refugees and Citizenship Canada (IRCC), aimed at enhancing the capacity of organizations within the settlement sector in…
Read More
Strengthening the Capacity of Organizations to Meet the Employment Skills Needs of Francophone Newcomers in Minority Situations
The Social Research and Demonstration Corporation (SRDC), in partnership with the Coalition ontarienne de formation des adultes (COFA), will develop innovative, integrated and adapted…
Read More
Strategic Evaluation and Learning Support for the Future Skills Centre 2025
Since 2020, the Future Skills Centre (FSC) has supported the development, refinement, or expansion of approaches to developing skills for workers from a variety…
Read More
