What is the Galiano Community Loan Fund?

The Fund was created by Galiano Islanders who have come together as lenders to the Fund to support borrowers in the community who:

• want to start or expand a business on the island

• need access to affordable housing on the island

• want to develop marketable skills to use on Galiano

• have a worthwhile project that will benefit the community

The Galiano Community Loan Fund is a registered non-profit society in BC.

How does the Fund work?

The Galiano Community Loan Fund operates in partnership with the CCEC credit union in Vancouver. CCEC was established in 1976 to support this type of community initiative.

The Fund receives loan proceeds from supporters who have lent money to the Fund and these loan proceeds are deposited with the CCEC. In turn, the CCEC administers loans made to borrowers that are guaranteed by the Fund.

The pooled loan proceeds at CCEC earn interest and the earned interest is distributed to the supporters who have lent money to the Fund as a return on their loans. (Note that some supporters choose to forego receiving a return on their loans to the Fund.)

If you would like to lend money to the Community Loan Fund please see the “Lenders” page. Or if you are looking for help to start or expand a business or upgrade your skills, check out the "Borrowers" page.