HAGÅTÑA (IHFG) — I Hagan Famalåo’an Guåhan Inc. has launched the project, I Metkao Famalao’an Guahan Para Sinestienen Ekunomiha (The Women of Guahan’s Marketplace for a Sustainable Economy), which aims to strengthen indigenous women’s economic capacity with three objectives: creating a virtual cooperative marketplace, creating a non-cash/bartering site fashioned after traditional chenchule’ (reciprocity) practices, and providing micro loans to women whose products are rooted in traditional livelihood practices.
The micro-lending component will make available small interest free loans as an alternative strategy to promote economic independence and support business practices that honor indigenous knowledge, values, and lifeways. The over-arching goal of the project is to empower women to engage entrepreneurial projects and reduce poverty.
Interested individuals are asked to attend a workshop to review the loan application, discuss concepts of traditional livelihood practices, and learn about other resources from the Small Business Development Center and the Pacific Islands Microcredit Institute.
The workshop will take place this Saturday, Oct. 9, from 1 p.m. to 4 p.m. via Zoom. Participants can register for the workshop at: https://bit.ly/IHFG_Loan
The application form for the micro loan is available at http://bit.ly/IHFG_Microloan
The deadline for loan applications is Oct. 25, 2021. Selections will be announced on Nov. 8, 2021.
IHFG will work with the applicants to establish individualized loan terms that best suit the needs of their businesses.
This project is made possible through a grant from the Pawanka Indigenous Fund.