Lakota Funds Scores a Home Run!
Lakota Funds Client Spotlight is Joseph Rosales, a recent Individual Development Account (IDA) participant. Lakota Tiwahe IDA Family Asset Building Project is a savings program that matches $2 to your $1 saved over 24 months. After that time your money saved will go for one of these major assets: a home, mobile home, home improvements; or a business, either start-up capital for a new business or expansion for an existing business; or undergrad school. The minimum an individual can save is $25 a month to the max which is $75 month. If an individual saves the max of $75 a month we will add $150 to their $75. At the end of the 24 month program, IDA participants will have deposited in their savings account $1,800 matched by Lakota Funds deposits of $3,600, for a grand total of $5,400. Some participants like to call this free money… it is! There’s no other savings program like it out there.
Joseph will be using his savings to complete the home he has been building himself for quite some time now. Joseph knows that if you sign up for a home through the tribe the process can take anywhere from 5 to 15 years. “Where is my family supposed to live in the mean time?” he says. So, he took it upon himself and began building his own home. This IDA participant recognizes the opportunity he has to finish his home with our Lakota Tiwahe Family Asset Building Project. Joseph states, “Everybody should take advantage of this program, so they can be in a home, start their own business, or start school, because once you have an education your chances of obtaining a home or business increases”.
Technical Assistance, loan products, and small business success coaching are all available through Lakota Funds and Wawokiye Business Institute. To help improve your skill and credit ratings, Lakota Funds is also offering the following:
- Core Four Business Planning Course starts Wednesday, November 5, 2008 (thru December 10, 2008 – 6 weeks) from 5-8 p.m. at the Piya Wiconi College Center in Kyle. The course is free but here is a $40 book purchase required for this course for all participants; the instructor will be Doug Noyes, Oglala Lakota College instructor and a member of the SAGE collaborative.
- How to sell your products on e-bay training will be on the 18th of November which is a Tuesday. The training will start at 5:30 p.m. in the Lakota Funds Trade Center, Kyle. The trainer will be Tony Taylor, Lakota Funds loan officer.
- Pioneer Credit Counseling (Receive Free Financial Education and Credit Report, Review with a Homebuyer Information Session) Nov. 21st. 9:45 – 11:30 p.m. at the Lakota Funds Trade Center, Kyle, Certified Counselor Kim Jackson will be available.