Business Boot Camp hosted by Mvskoke Loan Fund
September 28, 2018

MLF CEO calls award ‘another win’ for the Nation

OKMULGEE, Oklahoma — The Mvskoke Loan Fund received awards from The United States Department of Treasury, Community Development Financial Institutions (CDFI) Fund- Native American Community Assistance Program (NACA) in the amount of $540,000.

The NACA Program generates economic opportunity for Native communities by supporting the creation and expansion of Native CDFI’s with Financial Assistance (Base-FA) and Technical Assistance awards.

This allows Native CDFI’s, such as MLF, to help create jobs, establish or improve affordable housing and provide accessible financial services and counseling within their communities. 

The NACA Program is funded annually from the United States Congress, awards are made each year through a competitive process that spans several months.

MLF CEO Christopher Coburn calls the awards to MLF ‘another win’ for the Nation.

“Winning this competitive award shows that the Mvskoke Fund is being recognized as a leader among Native CDFIs and further illustrates our growth as a financial institution to better serve our MCN Citizen clients,” Coburn said. ” That brings us to over $828K in awards heading into FY21 with other applications still pending. Our best year ever already.”

MLF will dedicate $440,000 to lending capital and $100,000 to lending capital and Technical Assistance funds focused on Okfuskee County.

For more information about Mvskoke Loan Fund, contact: (918) 549-2603, or visit: www.mvskokeloanfund.org.

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