A unique kind of loan
Unlike conventional loans from a bank or other lending institution, our evaluation combines the Victoria Foundation’s unique knowledge of the community – and the charities within it – with Island Savings’ financial expertise and understanding of the local economy. Through this partnership, we can assess loan opportunities like no one else – a first for the Islands.
How it works
Charities that require a short-term loan have the potential to access up to $500,000. But the benefits do not end there. Vital Loans are also a unique opportunity for donors, who can contribute to the Vital Loans fund and see their donations used over and over in the community. As loans are provided to charities – and then paid back – the monies are recycled back into the fund, having a perpetually positive impact.
Find out if you are eligible
If you are interested in applying for a Vital Loan, please review the FAQs and Eligibility Checklist to help ensure that both your organization, and the proposed purpose of the loan, are eligible for consideration.