Growing prosperity, together
At Libro we know collaboration and partnerships are key to growing prosperity in southwestern Ontario. Working together, we’re committed to engaging our communities to achieve mutual success. And, we’re finding a variety of ways to connect with like-minded individuals and groups to collectively create positive impact, right here where we live.
Libro partners with area organizations that are working to advance regional prosperity, innovation and impact through economic development, money smarts and youth leadership.
Imagine a space filled with socially minded innovators and creative minds joining forces to positively transform their communities and grow prosperity together. This space is Pillar’s ‘Innovation Works’ Shared Space and Social Enterprise Program. Libro is happy to support this program with a contribution that will be used toward programming and training to support social entrepreneurs and innovators as they develop and implement their business ideas, and to sponsor a cluster of four desks in the Innovation Works Shared Space.
Learn More: www.innovationworkslondon.ca
Libro will be working closely with JA South Western Ontario, JA London & District and JA Waterloo Region to offer the Dollars with Sense program to students in grade 7 and the Economics for Success program in grade 8. Supporting JA across several regions of southwestern Ontario aligns with Libro’s focus on growing prosperity by supporting initiatives that drive regional economic development, money smarts and youth leadership.
Learn More: www.jacanada.org/programs
University of Guelph
The University of Guelph and Libro Credit Union are partnering to establish a brand new professorship at the university’s Ontario Agricultural College. The Libro Professorship in Regional Economic Development for southwestern Ontario focuses on building regional economic development and innovation across the region, through world-class research, teaching, outreach and collaboration.
Community Loan Programs
Goodwill Impact Loan
Impact Loan program is delivered by Goodwill Industries with support of United Way, the Small Business Centre and Libro Credit Union. This program assists those who have a viable plan to start their own business, but do not qualify through traditional financing.
Learn More: www.impactloan.ca
Rate Drop Rebate
Rate Drop Rebate is a financial service product that helps business owners prosper and grow by offering them loan or line of credit rebates, and free, effective recruitment services.
Through Rate Drop Rebate, business owners can receive a cash back rebate that’s worth up to four percent off the interest rate on their term loan, or, up to two years interest free on their line of credit.
This program supports our community and local economy by generating up to 1,100 employment opportunities for disadvantaged individuals in Ontario.
Learn More: www.libro.ca/ratedroprebate
VERGE Social Enterprise Loan Fund
Serving London and region, VERGE connects local caring investors with local enterprises that have a social or environmental mission at their core.
VERGE operates a Social Enterprise Loan Fund, in partnership with Libro Credit Union, to provide loans to early stage, high growth social enterprises on the verge of a breakthrough.
The program leverages our growing entrepreneurship eco-system, to create wraparound supports before, during and after financing. Providing expertise on legal structure, business planning, impact measurement, and market knowledge.
Learn More: www.vergecapital.ca
WIL Immigrant Loan Program
Libro has formed partnerships with WIL Employment Connections in London to offer loans to internationally trained workers (ITW) in southwestern Ontario. Funds are provided to assist skilled immigrants in obtaining the training and/or certification to qualify for employment in their profession.
Learn More: www.wil.ca