NACCA, the National Aboriginal Capital Corporations Association, is a network of over 50 Indigenous Financial Institutions (IFIs) dedicated to stimulating economic growth for all Indigenous people in Canada. NACCA’s goal is to provide opportunities for Indigenous entrepreneurs and increase prosperity for Indigenous people in Canada.
The Aboriginal Entrepreneurship Program (AEP) encompasses four key initiatives: The Aboriginal Business Financing Program (ABFP), the Aboriginal Capacity Development Program (ACDP), the Aboriginal Developmental Lending Assistance (ADLA) Program, and the Interest Rate Buy-Down (IRB) Program. These initiatives aim to facilitate Indigenous business development by providing financial support, optimizing lending efficiency, enhancing sustainability, and addressing capital challenges through equity, educational
support, compensation for loan losses, and interest rate subsidies for IFIs.
Leveraging its long history in gathering and analyzing program and lending data from Indigenous Financial Institutions (IFIs), the National Aboriginal Capital Corporations Association (NACCA) engaged the Conference Board of Canada (CBoC), the foremost applied research institution in Canada, to assess core data gathered during the five years from 2016-17 to 2020-21. This data set represents a sizable share of the IFI ecosystem’s lending and funding activities during that period, but it is not exhaustive. The CBoC Report set out to identify and measure the crucial role that IFIs and their national association play in driving Indigenous economic development, wealth creation, and improving social outcomes for Indigenous peoples in the face of numerous systemic barriers.
NACCA’S INDIGENOUS WOMEN’S
Are you an Indigenous woman thinking of starting your own business?
We can assist you!
Entrepreneurship is a promising pathway for Indigenous women to create their own employment and independent sources of income.
NACCA and the Indigenous Financial Institutions (IFIs) offer financial support — including loans, grants & programming guidance — to Indigenous women entrepreneurs.
The Indigenous Growth Fund is a new, innovative fund created by NACCA that will leverage government investment to raise additional capital from institutional investors. The fund will make capital available to the Indigenous Financial Institutions (IFIs) to provide loans to new and expanding Indigenous businesses.