Go to Learn
Financial planning, management, and budgeting advice from our in-house experts to help borrowers get back on their feet
Go to Grow
Future plans include educational and OSAP loan programs, business loans, and more
Helping the community lift itself out of debt
Beneficent is a non-profit organization seeking charitable status created to serve our community by lending money to those in need of financial assistance, while avoiding interest-related debt. At its current stage, Beneficent exists to free individuals of crippling short-term debt, such as credit card bills or outstanding fees as a result of recent job loss. We also exist as an educational organization dedicated to teaching personal finance fundamentals and discouraging overreliance on debt, rather than simply providing a short term solution to an ever-growing problem in our society - heavy debt burdens worsened by compounding interest.
By leveraging Islamic teachings on finance, such as prohibitions on interest-based transactions, we aim to strengthen our community by building strong networks and encouraging self-reliance in a communal setting. We believe this service is not only important, but necessary, and we appreciate the support we receive from all those who are involved in our cause.
To apply for a loan, please fill out an application here