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IABS Chapter 6: Native Community Development
Native Community Development Financial Institutions (Native CDFIs) offer a locally controlled, community-responsive resource for credit and other financial services to support asset-based development in Native communities. As First Nations demonstrated with its Reservation
Economic Impact Study,1 and other community and economic development practitioners and scholars continue to point out, a lack of community-owned businesses drains the local economy because tribal members are forced to import the vast majority of the goods and
services they need from border towns (and even farther afield), perpetuating cycles of poverty and disenfranchisement. In addition, the lack of financial institutions within Native communities has hindered access to the financial services necessary to drive business development. (Download copy)
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