“Eastern Native CDFI’s mission is to promote economic sustainability through business loans, technical assistance, and wealth building education for families and businesses.
Foundational Goals
Build a Strong Membership Network and Infrastructure
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Commit to Gathering Members Annually
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Create CDFI Peer Mentoring and Sharing Opportunities
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Identify Our Native CDFI Policy Priorities
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See what ENCDFI has been up to on your behalf
Eastern Native CDFI and the Communities they serve
Native American communities experience substantially higher rates of poverty and unemployment than mainstream America and face a unique set of challenges to economic growth. Lack of physical, legal, and telecommunications infrastructure, access to affordable financial products and services, and limited workforce development strategies are common challenges that the growing number of Native entrepreneurs face and must overcome in order to be successful in their local economy. The majority of Native communities, 86 percent, lack a single financial institution within their borders to access affordable financial products and services.
Native community development financial institutions (CDFIs) are the key organizations that have been working to create innovative solutions to overcome these barriers. Over the last decade, Native CDFIs have proven themselves as vehicles towards developing healthy, vibrant Native economies and communities. They have entered markets normally considered “high-risk” and have been responsible for an astounding transformation – creating businesses, jobs, homeowners, and serving as the catalyst for developing local economies. Their unique programs and services are designed to build financial assets in the low-income populations they serve and provide access to economic opportunities.
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Child Care Loans
Senator Warren Addresses NCDFIs and her work on broken promises.
The Honoring Promises to Native Nations Act has been in the works for years and was written with extensive input from tribal leaders and citizens. It is a direct response to a damning 2018 report by the U.S. Commission on Civil Rights that detailed the government’s chronic under-funding of tribes in five areas: housing, education, health care, economic development and public safety. Senator Warren’s bill lays out where to direct mandatory, full federal spending in all five of those areas at the levels they should have been at all along.
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