In partnership with Ontario Women's Directorate, Nishnawbe Aski Development Fund's (NADF) microlending program supports low-income Aboriginal women who are seeking to start their own micro-business by providing financial literacy training, entrepreneurial mentoring and skills development and life skills support.
These skills will ensure success in starting and growing their businesses and Aboriginal women who become business ready will be eligible to receive small loans (microloans) to start their businesses.
- At NADF our average loan size is $56,000. We also recognize that there are opportunities for smaller business start-ups that may just need a little seed money to get going.
- NADF offers microloans range from $1,000 to $7,500
- Simplified the process, where you complete a 2 page business plan outline, with your loan application
- There is no application fee for microloans
- The microloans are also a way for individuals who do not have a credit history or have a poor credit rating to improve their credit scores.
- NADF does monthly reporting to the credit bureau, so this is an opportunity to start/expand business and at the same time fix your credit rating.
On Wednesday, February 26th, a presentation was made to NADF's first Micro Lending recipient, a member of the newly formed Micro Lending Clan "Biidaaban" A New Rising Circle" from Frenchmen's Head, Lac Seul First Nation.
For more information on NADF's Microlending For Women, click here.
For more information on PARO Centre for Woman, click here.