Driving Financial Inclusion in Scarborough
Improving access to low-cost, short-term credit for Scarborough's low-income residents
Our Initiative
Our Scarborough Initiative is designed to support and empower small and micro-businesses (SMBs) within the region. The initiative addresses critical barriers in accessing capital, mentorship, and training for underserved business owners, with a focus on low-income and diverse communities. The two-year program aims to engage and support 800 SMBs, fueling $4 million in local economic activity.
How the Program Works
Community
Wallets
Businesses join groups that rotate savings to access interest-free credit and build credit history.
Credit
Building
Business owners can leverage rotating savings circles to pay off high-interest loans and strengthen creditworthiness and unlock more funding.
Low-interest
Loans
Access low interest micro-loans tailored to your business needs.
Your Money, Your Community, Your Success.
Your Money, Your Community, Your Success.
Key
Initiatives in Scarborough
Partnership with ACBN
We're helping residents pay off payday loans and transition to more sustainable financial practices.University of Toronto Scarborough
Our outreach booth helps students join Woveo and get started with our program.Suya Spot Community Agent
Residents can join the program directly through our agent at Suya Spot, a trusted community partner.
Our Impact Goals
Support 800 small businesses to:
Access low-cost financingBuild creditworthinessDrive economic activity
All through community-driven accountability.
Testimonial
How Woveo Transformed My Financial Journey
Woveo's rotating savings program was a game-changer for me. I felt overwhelmed by a small loan piling up with interest, but Woveo helped me pay it off faster than I imagined. Their support made it easy to stay on track, and I'm so grateful for the financial relief!
Marian
Scarborough Resident
Why It Matters
Scarborough residents deserve affordable credit for financial security and to break free from payday loans.
Join Us in Creating Financial Change
Are you a resident of Scarborough looking for a better way to access low-cost credit and gain financial security?
