Creating the Taala Fund
In 2008, QIN began participating in classes sponsored by the US Treasury’s CDFI Fund to explore the idea of establishing a CDFI on the Reservation. Staff worked with First Nations Oweesta to conduct a study to define the target market. The preliminary findings show that there is very high interest in small business development and a very high need for financial education, expanded savings, and credit building services. Housing resources were also cited as a “need.”
Due to the remote location of the Reservation and the need for culturally appropriate services, these services would be best provided by a local CDFI focused specifically on QIN. This prompted QIN to create Taala Fund.