December, 2017 – First Nations Oweesta Corporation was created 18 years ago to address the lack of capital and financial infrastructure needed for economic development in Native communities recognized by its parent organization, First Nations Development Institute. Oweesta’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 contributing to economic independence and strengthening sovereignty for all Native communities.
Oweesta is the only existing intermediary to Native Community Development Financial Institutions (NCDFIs), offering financial products and development services exclusively to Native CDFIs and Native communities. Specifically, Oweesta provides training, technical assistance, investments, research, and policy advocacy to help Native communities develop an integrated range of asset-building products and services, including financial education and financial products.
Oweesta’s education program assists in developing programs such as financial education, matched savings programs, and credit counseling. Its Building Native Communities: Financial Skills for Families curriculum offers a culturally appropriate training program to help Native organizations establish and sustain financial education programs from certified instructors with deep experience in Native communities.
In addition, Oweesta assists certified and emerging Native CDFIs with individualized training, technical assistance, and systematic, multi-faceted program delivery. Their goal is to help create and sustain healthy and thriving Native CDFI operations.
Oweesta seeks to create appropriate loan products that enable reinvestment of capital back into Native communities. As a lending intermediary, Oweesta is also supported by debt and equity investments, which enhances its capitalization base to better serve Native communities across the nation.
As a leader in the Native CDFI industry, Oweesta strives to inform potential investors, federal agencies, and the general public on the current industry climate. Employees research and distribute several publications each year and analyze best practices within established Native CDFIs.
Oweesta serves as a voice for Native communities to help inform policy that supports Native community development and encourages Native communities to join in advocacy work.
For more information, visit www.oweesta.org
Oweesta hosts a training session in Denver for its 'Building Native Communities' curriculum
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