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Eastern Band of Cherokee Indians Community Development Corporation
Cherokee NCCDFI Awards for Eastern Band of Cherokee Indians Community Development Corporation
NA (2008) - $557,250
The Sequoyah Fund is a certified Native CDFI established in 1998. The Sequoyah Fund provides training, entrepreneurship, business start up and expanding, and community development on the Qualla Boundary. They will use the 2008 NACA FA award as lending capital along with the TA grant to: 1) hire consultants to complete a market analysis and create a business development plan, 2) purchase workbooks for client technical assistance, and 3) print marketing brochures. The Sequayah Fund was awarded $557,250 ($500,000 Financial Assistance - $57,250 Technical Assistance).
NACA (2007) - $665,583
The Eastern Band of Cherokee Indians Community Development Center (Sequoyah Fund) is a certified CDFI established in 2005. The Sequoyah Fund provides business loans and services to the Qualla Boundary in eastern North Carolina. The Sequoyah Fund will use the 2007 NACA Financial Assistance grant to launch a new loan product geared toward nonprofit organizations that operate private enterprises. The CDFI will use the Technical Assistance grant to build the capacity of staff, strengthen partnerships with nonprofit organizations in the target market, and improve its marketing and outreach activities.
NACA (2005) - $140,000
The Sequoyah Fund will use a 2005 Native American CDFI Assistance (NACA) Program technical assistance grant of $140,000 to (1) purchase accounting and loan management software; (2) obtain consulting services to update their loan policies and procedures and develop a capitalization plan; (3) support operations; and (4) attend training in CDFI operations.
Other Community Development Financial Institutions in North Carolina
CAHEC New Markets, LLC
Raleigh
Chatham-Lee Credit Union
Pittsboro
College Heights Credit Union
Fayetteville
Lumbee Tribe of North Carolina
Pembroke
MAY Coalition, Inc.
Spruce Pine
Metropolitan Community Credit Union
Washington
School Workers Federal Credit Union
CHARLOTTE
Self-Help Credit Union
Durham
Self-Help Ventures Fund
Durham
South East Community Credit Union
Wilmington
Tri County Credit Union
Ahoskie
Victory- Masonic Mutual Credit Union
Winston-Salem
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