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First Nation-Owned Loans

First Nation-Owned Loans

By Katarina Ziervogel

LouAnn Solway, is a 47-year old Indigenous woman who was born and raised on a cattle farm on the Siksika Nation near Calgary in Alberta. With a lifetime of experience growing up on a farm, which may be difficult to leave. For Solway, she found it in herself to continue the family legacy onto the next generation but found herself in a difficult situation as she was turned down by several banks for her loan to continue the business.

Thankfully, Indian Business Corporation—a successful First Nations-owned company that specializes in granting loans to Indigenous people who are unable to receive loans from other banks. Solway was able to fully grow her business, and continue the family legacy of her own. It is not easy for Indigenous peoples to find a bank where their needs can be met with the help of loan. Especially, if some places still hold prejudice in any form against Indigenous people. It puts them in an utterly difficult situation to achieve their lifelong goals, hence the reason why a company such as Indian Business Corporation exists.

http://www.cbc.ca/news/indigenous/indigenous-women-entrepreneur-business-ibc-1.4170906