Interest-free loans for debt relief

Programs

Go to Borrow

Borrow

Beneficent’s loan program offers interest-free loans to members of the community suffering from heavy debt burdens due to high interest rates.
Learn More

Go to Contribute

Contribute

Donate to a pool of funds used by Beneficent to lend to the community. As a donor, your contributions will be considered if you ever find yourself in the position to borrow.
Donate
Join the 30 Strong

Go to Learn

Learn

Financial planning, management, and budgeting advice from our in-house experts to help borrowers get back on their feet

Go to Grow

Grow

Future plans include educational and OSAP loan programs, business loans, and more

40

Loans issued

91421

Loans issued ($)

2289

Average loan ($)

Our Mission

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 empower Canadians to build strong networks and encourage self-reliance in a communal setting. We are committed to serving those in need, irrespective of religion, creed, or background. 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.

Contact Us

For questions or comments, please send us an email at contact@beneficent.cc
To apply for a loan, please fill out an application here