Family and Community Engagement for School Improvement
Family and community engagement play a crucial role in improving schools. This deep dive explores the challenges, opportunities, and strategies associated with engaging families and communities in school improvement efforts. The content highlights the importance of ESSA (Every Student Succeeds Act) in promoting collaboration between schools, families, and communities to enhance student success and achievement.
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Native Hawaiian Revolving Loan Fund (NHRLF) COVID-19 Relief for Farmers Webinar April 28, 2020
The Impact of the NHRLF Program The Native Hawaiian Revolving Loan Fund (NHRLF) program was initiated in 1989 through grant funding from the Administration for Native Americans (ANA) and matching funds by the Office of Hawaiian Affairs (OHA). With total funding of $13 million from ANA and $9 million from OHA by 2001, the NHRLF program has accomplished the following in support of our beneficiaries: The Year 2020 marks 31 years of providing financing to Native Hawaiian Businesses and Individuals. Loan Products have increased to meet the needs of our L hui. From exclusively Business Loans, the NHRLF program added Debt Consolidation, Education, and Home Improvement. Again to address the needs of our community, the NHRLF program added a two loan products; Disaster Relief Loan and the new Farmers Relief Loan. The Consumer Micro-Loan Program (CMLP) was created in November 2003 for Emergency Assistance and Career Advancement; 566 loans disbursed valued almost $2.7 million The M lama & Hua Kanu Program has disbursed 2,732 loans valued over $64.8 million
The NHRLF Loan Programs Impact Loan Program Maximum Loan Amount Date of Program Loan Products Term Rate # $ Jan. 1, 1990 to July 31, 2004 NHRLF Legacy Business $75,000 5 Years 2.00% 386 $17,602,326 $100,000; $10,000 (Debt Con.); Over $20,000 (Collateral Required) Business Debt Con. Disaster Relief Education Home Imp. Tiered Pricing; Bus. - 4.00% Tier 1 - 5.00% Tier 2 - 6.00% Nov. 1, 2007 to April 28, 2020 7 Year Term; 14 Year Amortization M lama 2,334 $42,539,093 April 1, 2011 to April 28, 2020 7 Years; 14 Year Amortization Hua Kanu Business $1,000,000 4.00% 12 $4,686,000 Emergency and Career Advancement CMLP November 5, 2003 $7,500 5 Years 5.00% 566 $2,695,951 TOTAL 3,298 $67,523,370
The NHRLF Loans Breakdown of Disbursements M lama Loan Product # - Total $ - Value Business 785 $31,441,870 Debt Consolidation 670 $11,034,587 Disaster 1 $20,000 Education 365 $4,784,747 Home Improvement 911 $17,546,215 CMLP 566 $2,695,951
The NHRLF Loan Program Features M lama Loan Product Debt-To-Income Ratio Maximum Loan Amount Term Rate Up to 7 Year Term; May be Amortized Up To 14 Years Business $100,000 4.00% 45% or Lower Debt Consolidation $10,0000 Up to 7 Year Term 5.00% 45% or Lower Based of FICO Tier 1 5.00% Tier 2 6.00% Disaster $20,000 Up to 7 Year Term 45% or Lower 1 Year Term; Longer for Advanced Degrees Based of FICO Tier 1 5.00% Tier 2 6.00% Education $20,000 45% or Lower
New Farmers Relief Loan M lama Loan Product Maximum Loan Amount Debt-To- Income Ratio NA Proof of Sales (Verified Receipts) Term Rate Deferral Business $20,000 Up to 7 Years 4.00% First 6 Months Requirements: License Business 100% Native Hawaiian Owned Minimum FICO Score = 575 Demonstrate Income is still being generated
Application Process https://loans.oha.org/ Apply for a M lama Business Loan Under Purpose Section Indicate Farmer Relief Loan https://www.oha.org/ Under Feature Section Resources for COVID-19
Contact Information nhrlf@ohaloanfund.org
