March 2021 Newsletter

A note from our team:

First of all, I want to introduce myself; My name is Grant Boothman, I am the Operations Coordinator with Community Micro Lending. A Gustavson graduate, I have been volunteering behind the scenes since November 2019 prior to stepping into this role late last summer. During this time Community Micro Lending has been busy and I am excited to share with you what we have been working on.

Over the past year our dedicated team has been continuously exploring strategies to tighten the net of support for those hit hardest by the economic impacts of this ongoing crisis. Once the Community Connect Calls wrapped up, we launched the Community Support Fund to help businesses bridge the gap to recovery. We’re re-launching the fund to bring in more donations and to encourage more businesses to apply, read on to learn how to apply or donate.

We’ve also been hard at work rebuilding our website and upgrading our digital infrastructure. Working with a team of skilled volunteers, we’ve made some exciting improvements that will help us support our community.

Alongside all of this, programs continued (virtually) and loans were made and repaid. Working with our clients has been one inspirational experience after another and I could not be more grateful to serve our community through my role with Community Micro Lending.

I would love to hear your ideas for supporting our community. You can reach me by email at and by phone at 778-679-9007. In the meantime, I hope you and your loved ones are staying safe and connected.

All the best,
Grant Boothman

Loan Program Update

We are relaunching the Community Support Fund to help businesses bridge the gap to recovery. Offering financial relief in the form of small, community-sourced no fee, no interest loans to enterprises based in the CRD, these loans help businesses access other programs that require matching funds and navigate this ongoing crisis.

With a goal to raise $10,000 we’re asking our community to donate what they can. We are also accepting applications and eligible requests will be filled on a first come first serve basis.

New and Improved Website

We have been hard at work improving the efficiency of our loan procedures. To achieve this, we are rebuilding our website and upgrading our digital infrastructure. The goal of this project is to increase the number of loans we can manage and decrease the cost and staff time associated with each loan.

Upcoming Events

Thanks to support from the City of Victoria, we’re partnering with the Downtown Victoria Business Association and MLA Grace Lore’s Constituency Office to offer a free Q&A session about provincial business grants, including the BC Small and Medium Sized Business Recovery Grant.

Training Program Updates

EY+ Winter Cohort

After a successful pivot to virtual delivery, Community Micro Lending continues to partner with Rise to connect youth from across the country with entrepreneurship skills and resources. Our next cohort graduates this spring! Stay tuned for future cohorts. Thank you to the Citi Foundation for making this program possible.

Entrepreneur Training for Newcomers

Community Micro Lending is partnering with VIRCS to deliver the entrepreneurship stream of Pathways to Professions and Entrepreneurship, a three year program funded by the Government of Canada.