NACCA: Banking The Indigenous Entrepreneurs Powering Canada
Drumbeats - Canadian Indigenous Investment Podcast by Canadian Indigenous Investment Forum
Episode notes
Shannin Metatawabin, CEO of NACCA, on 55,000 Indigenous business loans at a 97% repayment rate and the fund that pays investors first.
The National Aboriginal Capital Corporations Association is Canada's national body for more than 50 Indigenous financial institutions.
Over 35 years, the network has made 55,000 loans to Indigenous entrepreneurs and small businesses, with a 97% repayment rate that Shannin notes outperforms the commercial banks.
Annual lending has risen 60% since 2024.
The Indigenous Growth Fund, NACCA's institutional vehicle, closed its first round at C$153M with the Government of Canada and three federal crown corporations as anchor investors.
A second fundraise is now under way.
What this episode covers:
- Fund mechanics and LP access: a ...
Keywords
Indigenous InvestmentCanadian Indigenous Investment SummitVideo PodcastCanadian Indigenous Investment ForumShannin Metatawabin
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