For Immediate Release:
May 10, 2016
CNHA Engages in Access to Capital Convening for Native CDFIs
St. Paul, MN – The top leadership from the Council for Native Hawaiian Advancement (CNHA) traveled to St. Paul, Minnesota to participate this week with over 45 representatives from 21 Native Community Development Financial Institutions (CDFI) in an Access to Capital Convening through First Nations Oweesta Corporation’s Native CDFI Capital Access Initiative.
The convening is being hosted by the Northwest Area Foundation to focus on collaboration among Native CDFI peer organizations, learning from industry leaders and navigating partnerships with foundations and investors.
Left: Michelle Kauhane, CNHA President and Crystal Cornelius, First Nations Oweesta Corporation Executive Director meet up at the Access to Capital Convening in St. Paul, Minnesota.
At the conclusion of the convening, Northwest Area Foundation and First Nations Oweesta Corporation will host a private reception, uniting national, regional, and local foundations and investors with Native CDFIs. “We are optimistic about the opportunities to collaborate with other Native CDFIs, funders and investors to bring greater access to capital to Hawaiian communities with a focus on addressing unmet demands at home in Hawaii,” said CNHA President & CEO, Michelle Kauhane.
The Convening will prepare participating institutions with skills and knowledge to secure necessary funding to sustain operations and a leveraged debt model. The networking reception will facilitate the development of relationships between Native CDFIs, investors, and foundations.
First Nations Oweesta Corporation was created 15 years ago to address the lack of capital and financial infrastructure holding back economic development in Native communities recognized by its parent organization, First Nations Development Institute. First Nations Oweesta Corporation’s mission is to provide opportunities for Native people to develop financial assets and create wealth by assisting in the establishment of strong, permanent institutions and programs that contribute to economic independence and strengthened sovereignty for all Native communities.
CNHA is a native Community Development Financial Institution (CDFI) focused on bringing access to capital to homestead communities throughout the state. The loan fund offers a homestead energy loan for solar water heaters or photovoltaic systems, housing and rehabilitation loans, and micro-enterprise loans that includes an agricultural loan product.
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