The Nez Perce Tribe conducted a Market Analysis in 2011 to demonstrate the need for financial services and product investment to address individual finances and business development on the Nez Perce reservation. As a sponsoring entity the tribe was awarded Native American CDFI Assistance Program Technical Assistance award for $117,422 in 2012 from the U.S. Treasury CDFI Fund. This allowed for development of NCDF Board of Directors, hiring staff, and launching services for our own Native CDFI.
Nimiipuu Community Development Fund (NCDF) is an established non-profit (501(c)3) that provides financial opportunities to stimulate economic development on and near the Nez Perce Indian Reservation. Chartered in 2013, NCDF has developed through funding from Native American CDFI Assistance Program (NACA) and Northwest Area Foundation to support and expand our services. As a financial institution, our goal is to promote self-sufficiency, self-determination and enhance the well being of community members.
In 2016 NCDF started lending to local, tribal, and community members. In part, the client or business entrepreneurs increased their understanding of financial literacy and business development. We strive to engage tribal members to enhance, encourage, and foster their economic well being. By creating a financial savvy community we are also creating a stronger community.
It is Nimiipuu Community Development Fund (NCDF) position to foster economic growth for the Nez Perce reservation and traditional areas of Idaho, Oregon, and Washington. Providing access to capital, financial, and entrepreneurial capacity building to create economic opportunities, advance entrepreneurial spirit, and preserve cultural values.
What is a CDFI?
Community development financial institutions (CDFIs) provide credit and financial services to people and communities underserved by mainstream commercial banks and lenders.
CDFIs play a critical role in building community wealth for several key reasons:
They provide much needed capital and financial services to people and communities that typically are not served by traditional financial institutions. Reflecting this, such institutions are credited with investing billions of dollars in low-income areas.
Loans made by CDFIs often enable community members to purchase their first home or start or grow a locally-based business, and assist nonprofit organizations to develop affordable housing, build community facilities, and launch or expand critical community programs.
CDFIs have played a pioneering role in community wealth building. For example, the federal Healthy Food Financial Initiative began as an effort led by a Pennsylvania CDFI (The Reinvestment Fund or TRF). In New Hampshire, the New Hampshire Community Loan Fund pioneered lending to residents to create manufactured housing cooperatives, an effort that, with the support of CFED and the Ford Foundation, has since been expanded nationally.
NCDF Statement of Purpose
As set forth in the Articles of Incorporation, the Nimiipuu Community Development Fund is a public benefit Corporation organized exclusively for charitable and educational purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501 (c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code. To this end, the Corporation shall provide education, training, and financial products and services to support community and economic development for Nez Perce tribal members and the communities they live in.