NACCA, the National Aboriginal Capital Corporations Association, is a membership-driven national association for a network of Aboriginal Financial Institutions, or AFIs. NACCA supports the AFI network, which offers financing to First Nations, Métis, and Inuit businesses and communities. NACCA is committed to the needs of AFIs and the Aboriginal businesses that they serve.
NACCA and Aboriginal Financial Institutions Across the Country Roll Out Emergency Loans to Indigenous Businesses
June 25, 2020, Ottawa ON – The National Aboriginal Capital Corporations Association (NACCA) is very pleased to announce that Indigenous businesses have begun accessing economic relief from NACCA and Aboriginal Financial Institutions (AFIs). The AFI network provides financial and business services to First Nations, Inuit, and Métis communities from coast to coast to coast.
As a national leader in Indigenous economic development, NACCA began seeking a COVID-19 response tailored to the needs of Indigenous entrepreneurs when the crisis first hit in March. Working with Indigenous Services Canada, the Association put forward a plan to help Indigenous businesses survive and recover. In late April, the federal government confirmed that it will provide $307 million in relief, including $204 million for an Emergency Loan Program (ELP) to be delivered by NACCA and AFIs.
NACCA’s goal is by 2025, the number of Indigenous women entrepreneurs accessing financing through the AFI network will increase by 50 percent.
July 28, 2020 – Ottawa, ON – The National Aboriginal Capital Corporations Association (NACCA) recently launched a series of research reports and success stories on Indigenous women entrepreneurs across Canada.
In 2020, NACCA launched a role model campaign to share stories of successful Indigenous women entrepreneurs and completed a national research project on Indigenous women’s entrepreneurship. The research shows that while Indigenous women make up 51% of the Indigenous population, they only account for 41% of the self-employed Indigenous population in Canada.