The Nonprofit Quarterly’s article, “In Indian Country, Native CDFIs Work to Restore Food Sovereignty,” features our agricultural lending program and explains how it not only helps entrepreneurs grow their businesses, but it also addresses immediate needs for food access within our community. It also explains the importance
Although the latest USDA Census of Agriculture shows there are 3,218 agricultural operations on Indian reservations in South Dakota, only 924 – less than a third – are actually Native American-owned. Lakota Funds, a nonprofit organization, is working to increase that number by supporting Native American farmers
We were honored to host two important guests from the US Treasury’s CDFI Fund, Director Annie Donovan and Senior Portfolio Manager Clint Hastings. It was a great opportunity to showcase our work and highlight our local entrepreneurs.
Read Clint’s reflections in his blog post.
Indian Country Today’s article, “Are Native CDFIs the Financial Institutions of the Future?” discusses access to financial products and services in reservation communities. It highlights our work and the great need for capital among Native community development financial institutions (CDFIs).
We encourage everyone to read this article
James Two Crow (Oglala Sioux), a loyal Lakota Funds client since 2002, was the first to tap into our new Farm Service Agency guaranteed loan program. He utilized this agricultural loan product to purchase 20 bred cows, which symbolize the start of his growing cattle operation just
By any standards, Warren Peterson (Lower Brule Sioux) would be considered an ambitious social entrepreneur. At the age of 24, Peterson – already a husband and father – has worked his way out of special education classes, started his college education to become a doctor, and most
As the general economy headed for a downturn in 2008, the food truck industry began a remarkable rise. As of 2015, annual food truck revenue hit $1.2 billion with a 12.4% increase over five years. With markets near saturation in large metropolitan areas like Denver and Silicon
Randy and Jessica Hamar recently became the new owners of The Office, a bar, restaurant, and the cornerstone of Oelrichs, South Dakota for over 20 years. Originally from Oelrichs, Jessica Hamar (previously Dryden) is glad to be back to her hometown after living in Chadron, Nebraska for
Derek Weston, owner of Six Stars Pest Control Services, has been recognized by Lakota Funds as an “All Star” for his participation in multiple programs designed to build assets for Lakota individuals and families. The All Star program was designed by Lakota Funds to encourage their clients
The small town of Whiteclay, Nebraska lies just outside of the boundaries of the Pine Ridge Reservation in southwestern South Dakota. It is infamous for its liquor stores and some of the highest rates of alcohol sales per capita in the nation. With a population of 14