Chi-Ishobak has received $1,088,000 from the U.S. Department of Treasury’s Native American CDFI Assistance (NACA) Program to offer products and services to build capacity for Pokagon citizens in the areas of professional and personal finance.
Sean Winters, Executive Director of Chi Ishobak, said that the funding is to be used solely for programmatic purposes.
“Every dollar will be put into the hands of our native market for consumer or commercial loan capital,” he said. “This is the fourth time we have received this funding, and it’s our largest to date. We are super excited; it will definitely have a positive impact in Indian Country for tribal entrepreneurs and tribal consumers.”
The CDFI Program invests in and builds the capacity of CDFIs to serve low-income people and underserved communities lacking adequate access to affordable financial products and services.
Chi Ishobak is a 501(c)(3) non-profit organization that was established in 2009 promote the improvement of the financial capacity of all Tribal members by equipping them with the skills, knowledge and confidence that they need to make informed judgments and to make effective decisions with respect to their current and future personal and household circumstances. Chi Ishobak provides tribal citizens with the tools and opportunities needed for meaningful lives and self-sufficiency, whether through employment, self-employment, or traditional life-ways.
By building capacity for native citizens, Chi Ishobak is helping rebuild the Pokagon Band of Potawatomi as well as Indian Country into supportive and nurturing communities, strong in language and culture.
The NACA Program facilitates the creation and advancement of Native CDFIs. Organizations funded through the NACA Program serve a wide range of Native American, Alaska Native, and Native Hawaiian communities, and reflect a diversity of institutions in various stages of development, including: organizations in the early planning stages of CDFI formation; tribal entities working to certify an existing lending program; and established Native CDFIs in need of further capacity building assistance.