Help Canadians Out of the Debt Cycle


Go to Borrow


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

Go to Learn


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


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


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Our Mission

Interest-Free Lending, Rooted in Compassion

Beneficent is a non-profit, 100% volunteer-run organization committed to economic empowerment via interest-free debt relief.

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.

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.

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