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Honored for commitment to help Native communities

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  • sal.camarillo@yahoo.com
    SAN FRANCISCO - A Native community development financial institution and one individual who has made a long-term contribution to the Native CDFI industry were
    Message 1 of 1 , Nov 24, 2010
      SAN FRANCISCO - A Native community development financial institution and one individual who has made a long-term contribution to the Native CDFI industry were honored recently in recognition of their commitment to excellence in the Native CDFI industry at the 2010 Native CDFI Awards Ceremony, part of the 7th Annual Native CDFI Convening hosted by Opportunity Finance Network and First Nations Oweesta Corporation.

      The Circle of Honor Award recognizes a Native CDFI that is successfully increasing access to capital and financial resources in Native communities by developing innovative loan products, promoting community development and overcoming challenges.

      The 2010 Circle of Honor Award winner is Four Directions Development Corporation, a Native CDFI located in Orono, Maine. Four Directions serves members of the four tribes in Maine: the Passamaquoddy Tribe, the Penobscot Indian Nation, the Houlton Band of Maliseet Indians, and the Aroostook Band of Micmacs. As both a housing and small business lender, Four Directions has a loan portfolio of more than $4.2 million and has made almost 200 loans to tribal members since opening in 2002.

      Four Directions was selected from a highly competitive group of Native CDFI nominees and was awarded for demonstrating strong financial performance, diversification of funding sources and their ability to develop innovative partnerships to help bring increased access to capital to Native people in their target market. Four Directions is led by Susan Hammond, executive director, who accepted the award on behalf of the organization.



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