Loans granted by the FISIQ are intended for social economy businesses that are in partnership with Quebec international cooperation agencies (ICA) in regions of developing or emerging countries. The targeted social economy businesses are:
The FISIQ may also offer financial products to socially responsible private businesses that are well integrated in their community and ICA partners.
Local financial institutions and microcredit funds may also co-finance social economy businesses in partnership with the FISIQ.
Production businesses undergoing a restructuring may be considered. However, financing organizations that are undergoing a restructuring are excluded.
The FISIQ gives priority to economic activities with a social purpose, namely those that strive to respond to the needs of its members and community. This includes the production, transformation, sale or exchange of goods and services in sectors such as:
The FISIQ may intervene at several stages of business development such as:
Start-ups are not eligible.
Funding of between $20,000 and $900,000 is offered depending on the project.
The FISIQ offers several means of financing adapted to the needs of the business:
For more information about the types of financing, read the Guide.
The FISIQ plans its investments over a 3-month to 7-year horizon. Shorter periods are possible for certain exceptional transactions.
The FISIQ offers competitive rates adapted to local realities of business and microcredit organizations.
Pricing specific to each investment is established based on a pricing schedule that is reviewed by the Board of Directors periodically.