Since our inception Lakota Funds has disbursed over 900 loans, totaling $7.2 million, resulting in the creation of 1,415 jobs and nearly 500 businesses on or near the Pine Ridge Indian Reservation. We have provided training and services to over 1,600 artists and over 4,300 aspiring entrepreneurs. The Pine Ridge Reservation now has more local goods and services available for community residents than ever before.
From 2009 to date, 3,275 people have completed financial literacy, homebuyers education and business planning courses at Lakota Funds. A total of $406,000 has been used by participants of our matched savings program to build assets. In 2010, Lakota Funds' Credit Builder Loan clients increased their credit score by an average of 18.5 points.
To date, over 5,500 youth have been exposed to financial literacy concepts through courses offered directly by Lakota Funds, as well as through partnerships with the Oglala Sioux Tribe Summer Youth Program, the GEAR-UP college readiness summer program, reservation high schools, and the Lakota Nation Invitational Business Plan Competition.
Lakota Funds has touched the lives of thousands of Lakota people on the Pine Ridge Indian Reservation. According to a study published by Small Business Economics, Lakota Funds succeeded in raising real per capita income of Shannon county residents consistently and significantly throughout the 1987–2006 study period.