Indigenous Growth Fund
“NACCA”
The funder does not disclose this information
Maximum Eligible Amount
Loan
Fund Type
The Indigenous Growth Fund is Canada’s newest and largest Indigenous social impact fund. The $153M investment fund provides improved access to capital for Aboriginal Financial Institutions and Indigenous small and medium-sized enterprises (SMEs), overcoming some of the barriers they have historically faced.
The fund’s innovative evergreen model – a first of its kind in Canada – offers institutional and social impact investors a direct vehicle to contribute to economic reconciliation. Capital from the Fund will ensure that AFIs can continue to support Indigenous business clients in their communities and will unlock pent-up loan demand for new and expanding Indigenous businesses, allowing them to make loans available to more and larger businesses.
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