Micro-Loans for Budding Entrepreneurs
For some Gen Yers, the call to be their own boss is much stronger than working for someone else.
The drive may be there, but given their age and sometimes scant credit history, the money to start a business may not. An effort launched by some of Canada’s credit unions is hoping to meet Gen Yers where there are with their dreams of becoming entrepreneurs.
“We’re giving an opportunity to people who really have these big dreams, to live them,” Rossum said.
From construction startups to a children consignment shop, Coastal Community views its participation in the micro-loan program as a part of the credit union’s focus on honest, community and trust–all values she’s found that young adults cherish.