Our mission
Interest-Free Lending, Rooted in Compassion
Who we are
Beneficent is a non-profit, 100% volunteer-run organization committed to economic empowerment via interest-free debt relief.
What we do
We provide compassionate lending to uplift individuals with interest-free loans to cover payments, such as but not limited to, credit card bills, payday loans, or outstanding fees as a result of recent job loss.
We also exist as an educational institution dedicated to empowering individuals with 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, resulting in a debt trap.
Our principles
We use ethical principles from Islamic finance which aim to replace interest-based loans to prevent the burden on the indebted and end the debt cycle. 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.
offers interest-free loans
to members of the
community suffering from
heavy debt burdens due to
high interest rates.
and budgeting advice from
our in-house experts to help
borrowers get back on
their feet.
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.
educational (OSAP, etc.) loan
programs, business loans,
and more