Ka Wai Ola - Office of Hawaiian Affairs, Volume 24, Number 10, 1 October 2007 — Loan fund plan approved [ARTICLE]

Loan fund plan approved

On August 30, Administration for Native Americans Commissioner Quanah Stamps appeared before the Office of Hawaiian Affairs Board of Trustees to inform them that the ANA has approved the operational plan for the restructuring of the OHA's Native Hawaiian Revolving Loan Fund. "We have signed off on the guidelines," Stamps told the trustSee BRIEFS on pags ŪG

BRIEFS

Cūntinued fram page 05 ees during a special meeting. The loan fund, established by OHA in 1989 with funding from the ANA, has in the past offered a business loans intended to provide funding not available from other sources to promote Native Hawaiian business ownership, eeonomie development and job creation. The next step in restarting the loan program, whieh has been suspended for the past year while the restructuring has been under way, is to name a strategic lending partner to originate and service additional commercial, educational and home improvement loans. Approximately $24 million is available in the fund.