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Ottawa renews Women Entrepreneurship Loan Fund with $30M for microloans up to $50,000
Minister Rechie Valdez announced on Oct. 13 in Winnipeg a $30-million top-up for the Women Entrepreneurship Loan Fund, which provides microloans of up to $50,000 to women entrepreneurs through four not-for-profit organizations.
Why it matters
Women entrepreneurs have long faced barriers to accessing financing. This renewed funding keeps the Women Entrepreneurship Strategy's flagship lending tool running, channelling capital and mentoring directly to women-led startups and growing small businesses.
Full report
The Honourable Rechie Valdez, Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism), announced on October 13 in Winnipeg, Manitoba, $30 million in renewed funding for the Women Entrepreneurship Loan Fund.
Through the fund, four not-for-profit organizations — Women's Enterprise Organizations of Canada, the National Aboriginal Capital Corporations Association, Nventure and Evol — provide microloans of up to $50,000 along with wrap-around business services.
Since its 2022 launch, the fund has delivered nearly 1,600 loans totalling over $50 million. In June 2026 Ottawa committed $173.7 million over five years to the broader Women Entrepreneurship Strategy, which has supported more than 600,000 women entrepreneurs since 2018.
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