New Cost+ ZERO Financing initiative in partnership with Prep Doctors supports internationally-trained dentists in Canada
Published August 3, 2023.
Estimated reading time: 2 minutes
- At Windmill Microlending, we understand the significance of offering financial products that accommodate the unique requirements of our diverse immigrant and refugee clients.
- Windmill and Prep Doctors have partnered on a new Cost+ ZERO Financing product offering financing options to foreign-trained dentists who cannot benefit from Windmill’s traditional microloan program.
- This new initiative supports the demand for dental professionals being witnessed across the country, enabling more internationally-trained dentists to seek accreditation.
As Canada's immigrant and refugee population continues to expand, the country's financial institutions and the products they offer must evolve to meet the diverse needs of new Canadians.
For many new Canadians, adhering to their religious beliefs means avoiding payment of interest on financial products such as loans or mortgages. This necessitates the availability of alternative options that align with their faith and values. Meanwhile, as the population grows and diversifies, so does the demand for dental professionals and dental care.
At Windmill Microlending, we understand the significance of offering financial products that accommodate the unique requirements of our diverse immigrant and refugee clients, and the importance of responding to labour market demands. In line with these commitments, we have partnered with Prep Doctors, a leading dental training and support services provider in Canada, to introduce our new Cost+ZERO Financing product for internationally-trained dentists.
Windmill Microlending has partnered with Prep Doctors to offer an innovative financial product to support internationally-trained dentists in Canada.
Dentistry is a regulated profession in Canada where skilled immigrants and refugees make up almost 40 per cent of those working in the field. However, completing the dentist licensing process can be complex, time-consuming and costly. It can take between 2-4 years and cost tens of thousands of dollars.
Want to learn more about the steps you need to complete to get licensed or certified in your profession in Canada? Visit Windmill Microlending’s Educational Pathways.
The new Cost+ZERO Financing product allows us to extend financing options to foreign-trained dentists who cannot benefit from Windmill’s traditional microloan program.
Supporting Internationally-Trained Dentists in Canada
The product enables internationally-trained dentists to access up to $25,000 in financing for courses such as AFK (Assessment of Fundamental Knowledge), ACJ (Assessment of Clinical Judgement) and NDECC (National Dental Examining Board of Canada) offered by Prep Doctors. By partnering with Prep Doctors, Windmill aims to empower internationally-educated dentists with the necessary financial support to pursue these vital components of their professional licensing journey in Canada.
One of the distinctive features of the Cost+ZERO Financing product is its structure, designed to accommodate the specific needs of our clients. With fixed monthly payments, this financing option provides a predictable and manageable repayment plan, ensuring that internationally-trained dentists can focus on their studies and professional growth without undue financial stress.
By offering this innovative loan structure and integrating it into our range of services, which includes client success coaching, mentorship and financial literacy training, Windmill Microlending and Prep Doctors are meeting the changing needs of Canada's population and enabling skilled dentists to meet the growing demand for dental care across the country.
As Canada's immigrant and refugee population continues to diversify, it becomes increasingly crucial for financial institutions to offer products that address the unique needs and preferences of various communities. Windmill Microlending's collaboration with Prep Doctors exemplifies this commitment by providing internationally-trained dentists with the financial support necessary to navigate the Canadian dentist licensing process.
Through the introduction of the Cost+ZERO Financing offering, Windmill ensures that internationally-trained dentists don’t have to compromise their beliefs to pursue their career advancement in Canada. By embracing diversity and adapting our financial product offerings, we strive to create a more inclusive and supportive environment for all immigrants and refugees to Canada.
To read our full Cost+ZERO Financing announcement with Prep Doctors, click here.
To learn more about our partnership with Prep Doctors, click here.
Are you an internationally-educated dentist, living in Canada, who needs funds to pay for your Canadian licensure, training, qualifying exams or professional development courses? Over 95% of eligible newcomers are approved for a Windmill Microlending loan of up to $15,000. No Canadian credit history required. Start your application today.