2. The Minister shall grant the loan if the applicant:(1) has the status of permanent resident within the meaning of section 2 of the Immigration and Refugee Protection Act (S.C. 2001, c. 27) as a Convention refugee as defined in the Convention Relating to the Status of Refugees, signed in Geneva on 28 July 1951, and in the Protocol signed in New York on 31 January 1967, or as a member of one of the classes of persons referred to in section 12 of that Act;
(2) arrived in Canada less than 1 year before making the application;
(3) resides in Québec;
(4) has available for himself and, where applicable, for his spouse and dependants, sums of money inferior to those listed in Schedule C to the Regulation respecting the selection of foreign nationals (chapter I-0.2, r. 4) to meet his basic needs for the time mentioned in that Schedule; and
(5) undertakes to provide the Minister with all vouchers justifying the use made of the loan.