A portrait of FCAMC

Since we began operating in 1999, we have granted 89 loans amounting to a total of $ 311 000.

  Since 1999
Number of loans granted 89
Total amount of loans granted $ 311 000
Reimbursement rate for the last 5 years 95%
Survival rate after 5 years 78%
Number of jobs created 127
Number of jobs kept 76

The 95% reimbursement rate is the result of local coaching provided by FCAMC. Such coaching is indispensable to achieving financial autonomy.

Credit access must be closely associated with regular support aimed at properly training sponsors and monitoring the progress of their project in order to intervene in case of any complications. Credit is intrinsically related to a local coaching which contributes to creating, developing and ensuring the sustainability of a young business.

NEWS

Together we succeed...

During the Annual General Meeting, the president of the FCAMC, Mr. Martin Gauthier, thanked all the participants, elected officials and promoters who contribute to build our economy. He praised the involvement of the board of directors, the loan committee and the support of these loyal allies as well as the great work of the permanent employees. "Today, the services of the FCAMC are perceived as one of the important tools of economic development for the region", he said.

The results of the last financial exercise period of the FCAMC are very encouraging and confirm that the needs are still present. Clients are requesting more and more of our services and this clientele is represented now in a proportion of about 14% Anglophone and 86% Francophone, that, thanks to the partnership agreement with Canada Economic Development (CED).

Martin Gauthier
President