A new lending program by an Indigenous-led organization on the Navajo Nation aims to help Native American entrepreneurs access business financing.
Change Labs’ Kinship Lending program was developed in response to the pandemic when business owners on the Navajo Nation were facing closures and lockdowns.
In a press release, Change Labs’ director says traditional lenders require that a borrower has collateral, such as real estate, before lending. This puts many Indigenous borrowers at a disadvantag...