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Indigenous Governance Database

Strengthening the role of Native CDFIs: A conversation with Gerald Sherman of the Native CDFI Network

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Author: 
Michou Kokodoko
Year: 
2015

Strengthening the role of Native CDFIs: A conversation with Gerald Sherman of the Native CDFI Network

Strengthening the role of Native CDFIs: A conversation with Gerald Sherman of the Native CDFI Network
Strengthening the role of Native CDFIs: A conversation with Gerald Sherman of the Native CDFI Network

Roughly 8 percent of the 917 community development financial institutions (CDFIs) in the U.S. are categorized as Native CDFIs (NCDFIs), which means they serve primarily American Indian, Alaska Native, or Native Hawaiian communities. Due to a mixture of historical, political, and geographical factors, these communities tend to face profound challenges: high rates of poverty and unemployment; lack of physical, legal, and telecommunications infrastructure; and limited access to affordable financial products and services, to name a few. NCDFIs are working to change the landscape by filling credit and capital gaps and providing Native consumers, entrepreneurs, and potential homebuyers with needed information and training to access traditional lenders...

community development financial institution (CDFI), financial institutions, Lakota Funds
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Resource Type: 
News and Opinion
Topics: 
Economic and Community Development, Governance

Kokodoko, Michou. "Strengthening the role of Native CDFIs: A conversation with Gerald Sherman of the Native CDFI Network." Community Dividend. January 30, 2015. Blog. (https://www.minneapolisfed.org/publications/community-dividend/strengthe..., accessed April 10, 2015)

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