[CircleUp] CDFIs prosper in times of economic distress!

[Staci Lacroix]

Kent: Hot tip: Invest in people


By Jim Kent


Story Published: Mar 18, 2009 

Story Updated: Mar 17, 2009 

 

For the past 20 years or so, many looking for answers on how to care for
the environment have turned to Native American cultures. During that
same period, fulfillment for thousands of "lost souls" has been found in
Native American spirituality, frequently to the dismay of our nation's
First People.

>From healing herbs to how to get in touch with your spirit, all answers
seem somehow linked to the country's indigenous population. So, where do
we turn at this time of our nation's worst economic crisis in decades?
To the economists? To Native Americans.

Think not? Listen up.

The First Nations Oweesta Corporation <http://www.oweesta.org>  -
launched in 1999 - is a Native American Community Development Financial
Institution, or CDFI. You might have heard about them in the news,
lately. CDFI's are those financial institutions that have weathered the
current economic turmoil well by being careful about how they invest
their money. Careful is a word that hasn't been part of the American
economic vocabulary for some time (like decades, man).

 

 

Click on the following link for the full article:

 

http://www.indiancountrytoday.com/opinion/41204247.html

 

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