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Wind River Development Fund
PO Box 661, 14631 US Hwy 287Fort Washakie WY, 14631
Wind River Development Fund is a nonprofit business loan fund based in Fort Washakie, WY on the Wind River Indian Reservation. Its mission is to provide financial opportunities to stimulate economic development on the Wind River Reservation.
CDFI Awards for Wind River Development Fund
NACA (2009) - $860,002
Wind River Development Fund (WRDF) is a certified Native CDFI established in 2001 and began operations in 2003. WRDF provide financial products and development services to the Wind River Indian Reservation. The applicant has created 59 loans for over $2 million, assisted 72 businesses, provided 200 jobs and provided financial counseling to 376 individuals. WRDF will use its FY09 Financial Assistance award for loan capital and its Technical Assistance award to hire a manager for their business incubator, a New Market Tax Credit consultant and to implement a credit reporting service for clients.
NA (2008) - $647,511
Wind River Development Fund is a certified Native CDFI established in 2001. The CDFI provides microloans and small business loans and training to residents of the Wind River Indian Reservation in western Wyoming. It will use the 2008 NACA Financial Assistance award as lending capital. It will use the TA grant to 1) obtain consulting services to improve financial management and conduct a feasibility study; 2) pay for staff and professional development of staff; and 3) purchase IT technology and office supplies. The CDFI was awarded $647,511 ($500,000 Financial Assistance - $147,511 Technical Assistance).
NACA (2006) - $364,000
Wind River Development Fund (WRDF) is a certified CDFI, established in 2003, located in Fort Washakie, WY on the Wind River Indian Reservation. WRDF provides small business loans and entrepreneurship development technical assistance to members of the Eastern Shoshone and Northern Arapaho Tribes. WRDF also assists clients with savings for business start-up through an IDA program. WRDF will use a NACA Financial Assistance Award of $250,000 to capitalize its loan pool and a NACA Technical Assistance Award of $114,000 to hire a consultant to assess its community impact via a client survey, update its website and other computer systems, provide training to members of the Awardee"s staff, and to support operational costs.
NATA (2004) - $113,100
Wind River Development Fund will use the award to build the capacity of the organization to serve its Target Market through staff and board training, purchase of technology, to hire a consultant to evaluate the Awardee"s first two years of operation of its programs, to develop marketing materials, and to support staff provision of lending and development service activities.
NACTA (2002) - $65,558
The grant will be used to assist WRDF to further develop into a viable community development financial institution. Specifically, the grant will be used for the development and review of loan and portfolio policies and procedures, loan documents, and a capitalization strategy. Additionally, the grant will be used to develop a database and a web site and to purchase computers, printers and a copier. Lastly, the grant will be used to increase the effectiveness and efficiencies of staff and board during its development stage, through training on revolving loan fund development.
Other Community Development Financial Institutions in Wyoming
Northern Arapaho Business Development Corporation
Fort Washakie
Wind River Development Fund
Fort Washakie
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