Lakota Federal Credit Union

HOW LAKOTA FUNDS USES CIRCLE BANKING TO SERVE ARTISTS

HOW LAKOTA FUNDS USES CIRCLE BANKING TO SERVE ARTISTS

That circle-thinking model translated into a foundation for the idea behind Lakota Funds. Visionary leaders in the community realized that in order to break the cycle of poverty on the Pine Ridge Indian Reservation, they needed to focus on key roadblocks to economic development: access to capital, technical assistance, business networks, and infrastructure. With assistance from Oglala Lakota College and First Nations Development Institute, Lakota Funds was established in 1986 as the first-ever Native American community development financial institution (CDFI) on a reservation. They began work to break through the roadblocks.