Agreements with Community Futures organization in Northern Manitoba, Na-Me-Res, an Aboriginal organization serving homeless Aboriginal Youth in Toronto, to provide peer lending to promote self sufficiency.
Program Objective
Increase business startups through creative access to capital approach
Key Activities, Fiscal Year 2004-05
Training and loans to people who would not normally qualify for loans
Program Outputs, Fiscal Year 2004-05
Startup and expansion loans. Twenty Aboriginal entrepreneurs active in peer lending groups in Northern Manitoba.
| Operations and Maintenance | 70 |
| Grants | 0 |
| Contributions | 0 |
| Capital | 0 |
| Total Program Expenditures | 70 |
Aboriginal Target Group
- Programs Available to All Aboriginal Peoples
Program Delivery Mechanism
- Direct federal (program delivery to Aboriginal people in Canada)
Program Funding Mechanism
Website
N/A
Additional Comments
(Note: Questions or concerns related to program information contained in the Aboriginal Horizontal Framework should be directed to the applicable department, agency or Crown Corporation.)
Aboriginal youth in downtown Toronto have recieved training and started businesses such as landscaping. Loans are repaid.