The Origin of the Microloan

You are here:

The Origin of the Microloan

Alfred Levin was the head of the Royal Bank’s Social Policy Action Group from 1966 to 1982. He was a visionary and people advocate. He researched, envisioned, and brought about the Community Branches which were in Montreal, Toronto, Winnipeg, and Vancouver. It was through these Community Branches that people could obtain microloans and learn how to manage their money. Alfred Levin’s “Money Habits Workshops” were available to all Royal Bank customers.

Visionary Alfred Levin brought micro-banking and microloans to Canadians!

This interview was recorded on May 2, 1977 by Paul Morris at ATV, in Moncton, New Brunswick, Canada.

As you may have guessed, Alfred Levin was Monica Levin’s father. It’s interesting to note how masterfully he uses hand gestures during this interview!

The Royal Bank of Canada’s Community Branches


Visionary Alfred Levin brought micro-banking and microloans to Canadians via the Community Branches that he envisioned and created. This 1972 CBC “Market Place” Special Report features the Royal Bank’s Community Branch in Toronto, Ontario, Canada.

Watch this interview of Alfred Levin (the head of the Royal Bank’s Social Policy Action Group) which was recorded in 1977.